PIUSDT – Potential Long Setup from Ascending Channel Support (4H

Jul 8

I’m watching PIUSDT closely as it approaches a significant confluence of technical levels on the 4-hour chart:

🔹 Key Highlights:

Ascending Channel Support: Price is testing the lower boundary of the channel (orange trendline).

Descending Trendline Resistance: Creating a wedge structure—breakout potential if momentum builds.

Bullish Structure: Clear rejection wicks and consolidation near support suggest accumulation.

✅ Trade Plan:

Entry Trigger: Confirmed breakout and close above the descending trendline.

Targets:

🥇 1st Target: 0.5650 (local resistance)

🥈 2nd Target: 0.6550 (major horizontal resistance)

Stop Loss: Below 0.4392 (breakdown invalidates the setup)

⚠️ Risk Management:
Always use proper position sizing and a disciplined stop loss. This setup is shared for educational purposes—do your own research before entering any trades.

Jul 10

Trade active

Running in Profit

Jul 14

Trade closed manually

Trade went sideways more than 3-4 days, So I'm planning to close this trade at cost to cost