Yello, Paradisers! Is PIUSDT about to break down hard? The charts aren’t looking great, and the confluence of bearish signals is something we can’t ignore.
💎PIUSDT has formed a bear flag on the higher timeframe, a classic continuation pattern that suggests further downside. This alone is already a bearish signal, but there’s more.
💎On the lower timeframe, we can see a head & shoulders pattern forming, along with bearish divergence. These factors together significantly increase the probability of a move to the downside.
💎In the case of PIUSDT breakdown and closes candle below the support zone, this will confirm the bearish setup and likely trigger selling pressure. A breakdown at this level would validate both the bear flag and the head & shoulders pattern.
💎If the price bounces from here, the bearish bias still remains, but there’s also a chance that the market is setting a trap within this range. This makes it a high-risk zone, so it’s better to avoid trading here until a clearer move develops.
💎However, If the price breaks and closes candle above the resistance zone, the bearish outlook will be completely invalidated. In that case, it’s smarter to wait for a more defined price action before making any moves.
🎖Patience is key, Paradisers. The market loves to shake out inexperienced traders before the real move happens. Stay disciplined, focus on high-probability setups, and trade like a pro. Only those who truly understand market cycles will capitalize in the end!
MyCryptoParadise
iFeel the success 🌴
💎PIUSDT has formed a bear flag on the higher timeframe, a classic continuation pattern that suggests further downside. This alone is already a bearish signal, but there’s more.
💎On the lower timeframe, we can see a head & shoulders pattern forming, along with bearish divergence. These factors together significantly increase the probability of a move to the downside.
💎In the case of PIUSDT breakdown and closes candle below the support zone, this will confirm the bearish setup and likely trigger selling pressure. A breakdown at this level would validate both the bear flag and the head & shoulders pattern.
💎If the price bounces from here, the bearish bias still remains, but there’s also a chance that the market is setting a trap within this range. This makes it a high-risk zone, so it’s better to avoid trading here until a clearer move develops.
💎However, If the price breaks and closes candle above the resistance zone, the bearish outlook will be completely invalidated. In that case, it’s smarter to wait for a more defined price action before making any moves.
🎖Patience is key, Paradisers. The market loves to shake out inexperienced traders before the real move happens. Stay disciplined, focus on high-probability setups, and trade like a pro. Only those who truly understand market cycles will capitalize in the end!
MyCryptoParadise
iFeel the success 🌴
Trade closed: target reached
💎Just as predicted, #PIUSDT down a smooth -28.77%!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.