Technical analysis by ProfittoPath about Symbol PI: Buy recommendation (5/20/2025)

ProfittoPath

📈 Chart: 30m timeframe – OKX Exchange🔺 Pattern: Symmetrical Triangle + Downtrend Line BreakoutThe price is pressing against confluence resistance – triangle top + descending trendline + yellow horizontal resistance.📍 Entry Zone: Around $0.7396Price is attempting a breakout; needs candle close above $0.74 for clean confirmation.🛑 Stop-Loss (SL): $0.7261Below triangle support and white horizontal support zone.🎯 Target Levels (TP):TP1: $0.7580 (Red resistance – short-term barrier)TP2: $0.7826 (Green zone – swing high resistance)⚖️ Risk/Reward Ratio:Favorable: approx 1:2 to 1:2.5 depending on target.🧠 Technical Highlights:Triangle squeeze is near completion; breakout decision imminent.Horizontal resistance and trendline overlapping (yellow + pink) – watch closely.Volume bar (2.48) is relatively low – look for volume spike for stronger breakout.✅ Bias:Bullish above $0.74Bearish below $0.726 (breakdown risk)