Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#PI3S Analysis of the Pi3xShort/USDT chart (4H)
1. General Trend:
The chart shows a clear upward trend from levels close to $0.06 to the current $0.12582, with an increase of +8.66% in the last candle.
The price has formed a series of higher lows and higher highs, confirming the bullish trend.
There is an increase in volume in the last sessions, indicating that buyers are dominating the market.
2. Support and Resistance:
Key support: $0.1000 (previous consolidation zone and strong psychological level).
Immediate resistance: $0.1400 (last rejection level and possible ceiling in the short term).
3. Strategy to Make the Most of It:
Entry Strategy:
Wait for a pullback to the $0.1100 - $0.1150 zone to enter a buy with lower risk.
If the price continues to rise without retracement, it can be bought upon breaking the resistance of $0.1400 with volume confirmation.
Exit Strategy:
Short-term target: $0.1400 - $0.1500 (key resistance).
Stop Loss: $0.0980 ( below the key support to limit losses in case of reversal ).
4. Is it Worth Buying Now?
Yes, but with caution. The trend is bullish, but ideally, it would be best to buy on a pullback at $0.1100 - $0.1150 to minimize risk.
If the price breaks $0.1400 with volume, it could continue its bullish momentum.
If you already have a long position, you can maintain it with a stop loss at $0.0980 to protect profits.
Conclusion:
Trend: Bullish.
Recommended buy on pullback ($0.1100 - $0.1150) or on breakout of resistance ($0.1400).
Caution if the price falls below $0.0980, as it could indicate a reversal.