PI USDT

1. Price Action & Trend Analysis
Current Price: 2.69395 USDT, down -4.23%.
High (H): 2.76628 USDT, Low (L): 2.6500 USDT.
The price has experienced a strong upward movement, reaching a local top around 3.08 USDT, followed by a correction.
The uptrend still appears intact, but a pullback is currently in progress.

2. Support & Resistance Levels
Key Resistance Levels
3.08 USDT (local top, strong resistance)
2.75 - 2.74 USDT (previous consolidation zone)
2.69 - 2.70 USDT (current price range, potential resistance if rejected)

Key Support Levels
2.46 - 2.37 USDT (first strong support zone)
2.30 USDT (critical support level)
2.21 - 2.10 USDT (important order block zone)
1.94 - 2.00 USDT (psychological level and strong demand zone)

The blue rectangles on the chart indicate a strong liquidity zone between 2.30 - 2.37 USDT, which serves as a crucial support area if the price drops further.

3. Indicators
Exponential Moving Averages (EMAs):

Green line (possibly EMA 20): The price broke below this level and is now testing it as resistance, which is a short-term bearish sign.
Blue line (possibly EMA 9): The price is trading below it, confirming a bearish short-term trend.
Volume:

During the strong uptrend, high volume indicated strong buying interest.
The current pullback is occurring with declining volume, suggesting this could be a healthy correction rather than a reversal.

4. Potential Scenarios

Bullish Scenario (Price Increase)

If the price stays above 2.69 USDT and breaks the 2.75 USDT resistance, it could continue rising toward 3.08 USDT.
A retest of the 2.37 - 2.46 USDT support zone, followed by a strong bounce, could trigger a new upward move.


Bearish Scenario (Price Drop)

If the price remains below 2.69 USDT and faces rejection, a further decline toward 2.37 - 2.30 USDT is possible.
A breakdown below 2.30 USDT could lead to the next strong support at 2.21 - 2.10 USDT.


Conclusion
Short-term trend: Neutral to slightly bearish, given the pullback and price trading below the EMAs.

Key levels to watch:
Support: 2.37 - 2.30 USDT
Resistance: 2.70 - 2.75 USDT

Trading Strategy: A possible long entry around 2.37 - 2.30 USDT, with a stop-loss below 2.21 USDT and targets around 2.75 - 3.08 USDT.

ACT on your own findings and analysis, I share what my ideas are, it is therefore not financial advice!