Bearish Pressure Builds on PIUSDT – Here’s the Trade Plan📌 Idea
PIUSDT is showing weakness after testing the recent resistance at 0.85944. Price is now trading below the VWMA, indicating fading bullish momentum and potential for further downside.
The setup favors a short entry as price fails to reclaim above the resistance zone, forming lower highs and showing signs of rejection.
🔽 Trade Setup
• Entry: 0.80799
• Stop Loss: 0.90983 (above resistance zone and wick high)
• Take Profit 1 (TP1): 0.66507 (first support zone)
• Take Profit 2 (TP2): 0.58008 (previous demand area)
⚙️ R:R Breakdown
• TP1 R:R ≈ 1.92
• TP2 R:R ≈ 3.31
This gives a good reward potential relative to the defined risk.
🔍 Technical Highlights
• Recent Resistance Level at 0.85944 rejected multiple times
• VWMA is trending above price – bearish bias confirmed
• Support Zone near 0.66507 acting as TP1
• TP2 marks a significant previous low near 0.58008
🧠 Idea Summary
I'm watching for further rejection under 0.85944 and signs of weakness to ride this short toward the support zones. This trade remains valid as long as 0.90983 holds as resistance. A break above this level invalidates the setup.
