PIUSDT 1-Hour Chart Analysis & Trade Decision




Key Observations from the Chart:

  1. Current Price Action:

    • Last close: 1.62912 USDT (slightly negative, down -0.54%).
    • Price reached a high of 1.6988 USDT, then pulled back.
    • It is still within the ascending channel, meaning the overall trend remains bullish.

  2. Parabolic SAR (PSAR) Shift:

    • The yellow PSAR dots (above price) indicate a previous downtrend.
    • The blue PSAR dots (below price) indicate a bullish reversal signal.
    • This suggests a potential continuation of the uptrend, supporting a buy position.

  3. Trend & Support Levels:

    • Current support: Around 1.60 - 1.62 USDT (holding above this is bullish).
    • Resistance: 1.70 - 1.75 USDT is the next target.
    • If 1.75 USDT breaks, the price could move toward 2.00 USDT+ (upper channel).

Should You Keep Your Buy Position? ✅ Yes, but with caution.

  • Bullish Factors: PSAR just flipped bullish, and the price is respecting the ascending channel.
  • Bearish Risk: If price falls below 1.60 USDT, it could test lower support (1.55 USDT).

🔹 Best Strategy:
📌 Hold your position as long as price stays above 1.60 USDT.
📌 Target Levels: 1.70 - 1.75 USDT (partial profit-taking possible).
📌 Stop Loss Suggestion: Below 1.58 - 1.60 USDT to limit downside risk.

#Picoin

#Piccommunity

#Pinetwork

#Pinetwork2025


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