PIUSDT 1-Hour Chart Analysis & Trade Decision💪💪💪💪
Key Observations from the Chart:
Current Price Action:
Last close: 1.62912 USDT (slightly negative, down -0.54%).Price reached a high of 1.6988 USDT, then pulled back.It is still within the ascending channel, meaning the overall trend remains bullish.
Parabolic SAR (PSAR) Shift:
The yellow PSAR dots (above price) indicate a previous downtrend.The blue PSAR dots (below price) indicate a bullish reversal signal.This suggests a potential continuation of the uptrend, supporting a buy position.
Trend & Support Levels:
Current support: Around 1.60 - 1.62 USDT (holding above this is bullish).Resistance: 1.70 - 1.75 USDT is the next target.If 1.75 USDT breaks, the price could move toward 2.00 USDT+ (upper channel).
Should You Keep Your Buy Position? ✅ Yes, but with caution.
Bullish Factors: PSAR just flipped bullish, and the price is respecting the ascending channel.Bearish Risk: If price falls below 1.60 USDT, it could test lower support (1.55 USDT).
🔹 Best Strategy:
📌 Hold your position as long as price stays above 1.60 USDT.
📌 Target Levels: 1.70 - 1.75 USDT (partial profit-taking possible).
📌 Stop Loss Suggestion: Below 1.58 - 1.60 USDT to limit downside risk.
