$PI

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· Macro Trend (4H): Bearish. The price has broken below the 0.06759 support level and is trending downward, creating lower highs and lower lows.

· Intermediate Structure (1H): Strong Downtrend. The chart shows a sustained sell-off from the 0.07162 local top down to the current 0.06278 level. The Moving Averages (MA5 and MA10) are acting as dynamic resistance, sloping sharply downward.

· Micro Structure (15m): Consolidation/Reversal Attempt. After hitting the local low of 0.06002, the price has bounced back to the 0.06278 zone. It is currently chopping sideways, trying to establish a base.

🟣K Line Analysis

The 4H chart shows a massive rejection from the 0.07480 high, followed by a series of red candles. However, the latest 4H candles are showing longer lower wicks, indicating that buyers are stepping in around the 0.06000 psychological support. On the 15m chart, we see a classic "V-shaped" recovery from the 0.06002 low, but the momentum has stalled near the 0.06300 resistance area. The volume profile shows significant selling pressure on the way down, but the recent 15m volume bars show a slight increase in buying volume during the upward correction.

🟣Candlestick Pattern

· 4H: We are seeing a "Hammer" or "Pin Bar" formation near the 0.06002 level, which is a bullish reversal signal, but it requires confirmation.
· 15m: The price is forming a "Doji" or "Spinning Top" near the 0.06278 level, suggesting indecision. There was a "Bullish Engulfing" pattern around the 0.06000 bottom, which initiated the current bounce.

🟣Trading Plan & My Prediction

My Prediction: The market is currently in a "Relief Rally" within a larger downtrend. I predict the price will struggle to break above the 0.06500-0.06582 resistance zone (1H MA cluster). If it fails there, we will likely see a retest of the 0.06002 low. If 0.06002 breaks, the next major support is much lower.

🔴What Trade Plan I Follow and Why❓️

I am following a "Short the Bounce" (Sell on Resistance) strategy. Why? Because the 4H and 1H trends are heavily bearish. Trying to catch a falling knife (longing) is high-risk. The safest play is to wait for the 15m or 1H price to hit a resistance level (like the MA10 or the previous broken support at 0.065) and reject.

🔴When I Start My Trade❓️

· Entry: I will not enter immediately. I will wait for the price to retest the 0.06500 - 0.06550 level (the 1H MA10).
· Confirmation: I need to see a red 15m or 1H candle closing below that resistance level with a bearish wick.
· Take Profit (TP): 0.06002 (the recent low).
· Stop Loss (SL): 0.06759 (above the 4H previous structural breakdown). Risk-to-reward ratio is favorable here.

Bearish. The overall structure is broken. While the 0.06002 support is holding for now, the momentum is still downward. The recent bounce is merely a technical correction. Unless the price convincingly breaks and closes above 0.06759 on the 4H chart, the trend remains "Sell on Rallies." Do not FOMO into longs here; wait for the retest to confirm the next leg down.