PI breakout from wedge and Trendline !!🚨 PI Breakout Update 🚨
Hey traders, hope you're all doing great!
Looks like PI just broke out of a strong trendline, and things are getting interesting.
We’ve seen solid support holding for a while, and now bulls are starting to wake up.
This move could be the start of something big if momentum co
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For now, the strategy is to trade the range while the structure matures. A break below $0.38 w
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PI Smart Money Index (SMI) Signals Key Holder ExitPI’s Smart Money Index (SMI) has been steadily declining since June 25, dropping by 9% to reach 1.22 at the time of writing. The SMI tracks the behavior of experienced or institutional investors by analyzing trading patterns during the first and last hours of the market session.
A rising SMI typica
Breakout coming very soon
The asset is in a falling wedge pattern, which is typically bullish if confirmed by a breakout.
You're forming higher lows at the bottom (marked by “L”) and lower highs at the top (marked by “H”).
There’s visible bullish divergence forming as the price makes lower lows while momentum indicator
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy