Technical analysis by bullcrypto_1235 about Symbol PI: Buy recommendation (7/4/2025)

Hello traders, I hope you're all doing well! Currently, we're seeing an interesting setup on PI that could lead to a potential bullish move. Let's break it down: 🔹 Double Bottom Formation PI appears to be forming a double bottom on the higher time frame — a classic bullish reversal pattern. This indicates that the market has tested a key support level twice and failed to break lower, which often suggests that selling pressure is weakening. 🔹 Trendline Breakout In addition to the double bottom, we’ve also broken out of a descending trendline that has been acting as dynamic resistance for some time. A clean breakout with volume often signals a shift in market structure from bearish to bullish. 🔹 Strong Support Zone & Liquidity We are still holding above a strong support zone, where previous demand has stepped in. This area has likely accumulated a lot of liquidity, with stop-losses from retail traders sitting just below. If price holds this level, it may trap sellers and trigger a short squeeze, pushing the price higher. 🔹 Possible Upside Move As long as we remain above this support and confirmation continues, there is a high probability of an upward continuation. This could be the start of a bullish leg, especially if we see a break of recent highs with strength. 📈 Conclusion This confluence of technical signals — double bottom, trendline breakout, and liquidity resting below support — gives us a strong reason to watch this setup closely. 👉 Like and follow if you’re seeing the same structure or planning to trade this move. Let’s ride it together!