#PI3S# Analysis of the Pi3xShort/USDT chart (4H)



1. General Trend:

The chart shows a clear upward trend from levels close to $0.06 to the current $0.12582, with an increase of +8.66% in the last candle.
The price has formed a series of higher lows and higher highs, confirming the bullish trend.
There is an increase in volume in the last sessions, indicating that buyers are dominating the market.
2. Support and Resistance:

Key support: $0.1000 (previous consolidation zone and strong psychological level).
Immediate resistance: $0.1400 (last rejection level and possible ceiling in the short term).
3. Strategy to Make the Most of It:

Entry Strategy:
Wait for a pullback to the $0.1100 - $0.1150 zone to enter a buy with lower risk.
If the price continues to rise without retracement, it can be bought upon breaking the resistance of $0.1400 with volume confirmation.
Exit Strategy:
Short-term target: $0.1400 - $0.1500 (key resistance).
Stop Loss: $0.0980 ( below the key support to limit losses in case of reversal ).
4. Is it Worth Buying Now?

Yes, but with caution. The trend is bullish, but ideally, it would be best to buy on a pullback at $0.1100 - $0.1150 to minimize risk.
If the price breaks $0.1400 with volume, it could continue its bullish momentum.
If you already have a long position, you can maintain it with a stop loss at $0.0980 to protect profits.
Conclusion:
Trend: Bullish.
Recommended buy on pullback ($0.1100 - $0.1150) or on breakout of resistance ($0.1400).
Caution if the price falls below $0.0980, as it could indicate a reversal.
PI3S1.53%
EL0.88%
UNA-11.91%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)