Price bounced nicely from the 0.218 zone after a long down move. On the 1H chart, candles are trying to stay above short MAs, but the trend is still weak. Bollinger Bands are tightening, showing a possible breakout setup. RSI is mid-zone, so momentum can build in either direction.
My outlook: – Holding above 0.223 keeps the recovery active. – A clean push above 0.230 may open room for another leg up. – If it slips under 0.220 again, correction might extend.
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$PI PI/USDT Quick View:
Price bounced nicely from the 0.218 zone after a long down move. On the 1H chart, candles are trying to stay above short MAs, but the trend is still weak. Bollinger Bands are tightening, showing a possible breakout setup. RSI is mid-zone, so momentum can build in either direction.
My outlook:
– Holding above 0.223 keeps the recovery active.
– A clean push above 0.230 may open room for another leg up.
– If it slips under 0.220 again, correction might extend.
Just my personal opinion — trade safe.