Picoin PIUSDT Price Analysis

PIUSDT Analysis – 30-Min Timeframe 

1. Price Action & Trend Analysis

• Current Price: 1.50557 USDT (-5.88% drop).
• High: 1.61185, Low: 1.42668 (big price swing).
• Bearish Breakdown:
  • Price fell below the ascending channel.
  • Strong bearish candle with high volatility suggests further downside risk.
  • Support zone near 1.45 - 1.50 USDT.

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2. VWAP (Volume Weighted Average Price) Analysis

• Price is below VWAP, meaning the market is currently bearish.
• If price stays below VWAP for a long time, it confirms a downtrend.
• Buyers need to push price back above VWAP for a bullish recovery.

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3. Should You Keep Your Buy Position Open?

🚨 Risk Factors:

• The price broke below the trendline and VWAP, signaling a potential downtrend.
• If it fails to recover above 1.55, selling pressure may continue.
• A break below 1.45 could lead to 1.40 or lower.

✅ Possible Recovery:

• If price quickly reclaims 1.55+, it may bounce back.
• Look for bullish confirmation on lower timeframes (15m, 30m).

📌 Recommendation:

• Set a stop-loss near 1.45 USDT to limit risk.
• If price stays below 1.50, consider closing your buy position.
• Only hold if price reclaims VWAP & 1.55 level.

$PI

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