PIUSDT – Potential Long Setup from Ascending Channel Support (4H

8 Tem

I’m watching PIUSDT closely as it approaches a significant confluence of technical levels on the 4-hour chart:

🔹 Key Highlights:

Ascending Channel Support: Price is testing the lower boundary of the channel (orange trendline).

Descending Trendline Resistance: Creating a wedge structure—breakout potential if momentum builds.

Bullish Structure: Clear rejection wicks and consolidation near support suggest accumulation.

✅ Trade Plan:

Entry Trigger: Confirmed breakout and close above the descending trendline.

Targets:

🥇 1st Target: 0.5650 (local resistance)

🥈 2nd Target: 0.6550 (major horizontal resistance)

Stop Loss: Below 0.4392 (breakdown invalidates the setup)

⚠️ Risk Management:
Always use proper position sizing and a disciplined stop loss. This setup is shared for educational purposes—do your own research before entering any trades.

10 Tem

İşlem aktif

Running in Profit

14 Tem

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Trade went sideways more than 3-4 days, So I'm planning to close this trade at cost to cost