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Technical analysis by ProfittoPath about Symbol PI: Buy recommendation (5/17/2025)

https://sahmeto.com/message/3517180
ProfittoPath
ProfittoPath
Rank: 4741
1.8
Buy،Technical،ProfittoPath

📈 Pattern: Falling Wedge Breakout (Bullish Reversal)Entry Zone: Around $0.7169 (confirmed breakout in progress)Support Zone: Around $0.6867 (marked in white)Resistance/Target Levels:TP1: $0.7706 (minor horizontal resistance)TP2: $0.8493 (major resistance/previous range top)Stop-Loss (SL): Below $0.6860 (structure invalidation area)📊 Technical HighlightsFalling wedge pattern breakout with a bullish candle.Price is respecting support (highlighted in yellow box).Bullish divergence likely forming (RSI not shown but implied by price action behavior).Risk-to-reward ratio is favorable based on the green box projection.✅ SummaryDirection: Long (Buy)Entry Confirmation: Breakout + retest of wedge resistance.Good R:R Setup: Reward zones are clearly mapped with logical SL.

Translated from: English
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Signal Type: Buy
Time Frame:
30 minutes
Profit Target:
$0.8493
Stop Loss Price
$0.686
Price at Publish Time:
$0.71417
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