🟢 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
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.
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.