Trade Setup – PI/USD Long!
📈
Pattern: Falling Wedge Breakout (Bullish Reversal)
Entry Zone: Around $0.7169 (confirmed breakout in progress)
Support Zone: Around $0.6867 (marked in white)
Resistance/Target Levels:
TP1: $0.7706 (minor horizontal resistance)
TP2: $0.8493 (major resistance/previous range top)
Stop-Loss (SL): Below $0.6860 (structure invalidation area)
📊 Technical Highlights
Falling wedge pattern breakout with a bullish candle.
Price is respecting support (highlighted in yellow box).
Bullish divergence likely forming (RSI not shown but implied by price action behavior).
Risk-to-reward ratio is favorable based on the green box projection.
✅ Summary
Direction: Long (Buy)
Entry Confirmation: Breakout + retest of wedge resistance.
Good R:R Setup: Reward zones are clearly mapped with logical SL.
source https://www.tradingview.com/chart/PIUSD/OyNaWnlv-Trade-Setup-PI-USD-Long/
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