$PI 15mins Chart Analysis

PI 15mins Chart Analysis

Price is currently trading inside a falling wedge — a pattern often seen as a bullish reversal setup when confirmed with a breakout.

🔍 Key Observations:

Price is compressing between lower highs & higher lows within the wedge

Current range: 0.3843 (low) to 0.4050 (upper wedge resistance)

Breakout confirmation would require a close above 0.4100, ideally with volume expansion

Support at 0.3950 remains key for wedge integrity — losing it could delay reversal potential

📈 Probable Scenarios:

Bullish Case: Breakout above 0.4100 triggers short-term relief rally, potentially retesting 0.4200 zone

Bearish Case: Breakdown below 0.3950 could invalidate wedge and resume the corrective leg

This wedge could mark the early signs of seller exhaustion. Watch for breakout confirmation before anticipating stronger upside momentum.