🟢 Trade Type: Long (Buy Setup)
Pair: PI/USD (Pi Network vs US Dollar)
Timeframe: 30-Minute Chart
Current Price: $0.7410
🔍 Technical Setup
Pattern: Falling wedge breakout (bullish reversal pattern)
Entry Point: Breakout and retest around $0.7410 (highlighted with a yellow circle)
Trend Reversal: Price broke a long-term downtrend line (pink), confirming breakout potential
🎯 Targets & Stop-Loss
Take-Profit (TP):
TP1: $0.8328 (previous resistance zone)
TP2: $0.9393 (major supply zone)
Stop-Loss (SL):
Below wedge base/support: $0.6946
⚖️ Risk-to-Reward (R:R):
Estimated R:R: Over 2.5:1
Tight stop, wide target = good potential for swing move
🧠 Trade Logic
Broke out of major downtrend + clean wedge
Pullback held above support zone
Strong green candles on breakout with volume starting to build
Pair: PI/USD (Pi Network vs US Dollar)
Timeframe: 30-Minute Chart
Current Price: $0.7410
🔍 Technical Setup
Pattern: Falling wedge breakout (bullish reversal pattern)
Entry Point: Breakout and retest around $0.7410 (highlighted with a yellow circle)
Trend Reversal: Price broke a long-term downtrend line (pink), confirming breakout potential
🎯 Targets & Stop-Loss
Take-Profit (TP):
TP1: $0.8328 (previous resistance zone)
TP2: $0.9393 (major supply zone)
Stop-Loss (SL):
Below wedge base/support: $0.6946
⚖️ Risk-to-Reward (R:R):
Estimated R:R: Over 2.5:1
Tight stop, wide target = good potential for swing move
🧠 Trade Logic
Broke out of major downtrend + clean wedge
Pullback held above support zone
Strong green candles on breakout with volume starting to build
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.