🧠 Idea Summary:
After a sharp drop, PIUSDT is showing signs of stabilization and recovery. Price is climbing along a short-term ascending trendline, supported by key Fibonacci retracement levels. Buyers are attempting to regain control above the $0.58–$0.59 zone.
🔍 Technical Highlights:
Current price: ~$0.583
Recent structure: V-shaped bounce from ~$0.50 lows
Key Fibonacci retracement levels:
0.382 – $0.545
0.5 – $0.558
0.618 – $0.572
0.786 – $0.592
Resistance to reclaim: $0.592 (Fib 0.786) and $0.617 (Fib 1.0)
Price is currently moving within a bullish ascending channel, showing higher lows.
🟢 Bullish Scenario:
If price holds the ascending trendline and breaks above $0.592, a move toward the full recovery zone at $0.617+ is likely. Sustained buying pressure above this level could lead to a trend reversal.
🔴 Bearish Scenario:
A breakdown below the trendline and $0.572 (0.618 Fib) would invalidate the current bullish structure. In that case, watch for support at $0.558 and $0.545.
📌 Conclusion:
PIUSDT is at a decision point. Holding above the trendline and reclaiming $0.592 would signal bullish continuation. This setup could offer a low-risk entry with a clear invalidation point below $0.572.
After a sharp drop, PIUSDT is showing signs of stabilization and recovery. Price is climbing along a short-term ascending trendline, supported by key Fibonacci retracement levels. Buyers are attempting to regain control above the $0.58–$0.59 zone.
🔍 Technical Highlights:
Current price: ~$0.583
Recent structure: V-shaped bounce from ~$0.50 lows
Key Fibonacci retracement levels:
0.382 – $0.545
0.5 – $0.558
0.618 – $0.572
0.786 – $0.592
Resistance to reclaim: $0.592 (Fib 0.786) and $0.617 (Fib 1.0)
Price is currently moving within a bullish ascending channel, showing higher lows.
🟢 Bullish Scenario:
If price holds the ascending trendline and breaks above $0.592, a move toward the full recovery zone at $0.617+ is likely. Sustained buying pressure above this level could lead to a trend reversal.
🔴 Bearish Scenario:
A breakdown below the trendline and $0.572 (0.618 Fib) would invalidate the current bullish structure. In that case, watch for support at $0.558 and $0.545.
📌 Conclusion:
PIUSDT is at a decision point. Holding above the trendline and reclaiming $0.592 would signal bullish continuation. This setup could offer a low-risk entry with a clear invalidation point below $0.572.
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.