๐จ $PI TESTS CRITICAL TRIANGLE DEMAND AS DERIVATIVES AND SPOT DIVERGE! ๐ฅ
Target: 0.103 ๐
Stop Loss: 0.085 โ ๏ธ
$PI is retesting its ascending triangle demand trendline for the fourth time following a 15% pullback. ๐ While price holds structural support, spot accumulation metrics reveal a clear divergence: both A/D and MFI under 50 signal muted spot buying compared to previous structural bounces.
Conversely, derivative positioning remains elevated with open interest at $2.3M and funding rates holding positive at +0.0050. ๐ฆ If buyers absorb liquidity at this pivot, upside targets at 0.103 and 0.110 come into play; otherwise, losing support opens exposure down to 0.085. ๐ฌ Do you expect futures longs to defend this structural trendline or will spot weakness force a deeper liquidity hunt? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #PI #MarketStructure #Crypto #TechnicalAnalysis
๐ฅ ๐
Target: 0.103 ๐
Stop Loss: 0.085 โ ๏ธ
$PI is retesting its ascending triangle demand trendline for the fourth time following a 15% pullback. ๐ While price holds structural support, spot accumulation metrics reveal a clear divergence: both A/D and MFI under 50 signal muted spot buying compared to previous structural bounces.
Conversely, derivative positioning remains elevated with open interest at $2.3M and funding rates holding positive at +0.0050. ๐ฆ If buyers absorb liquidity at this pivot, upside targets at 0.103 and 0.110 come into play; otherwise, losing support opens exposure down to 0.085. ๐ฌ Do you expect futures longs to defend this structural trendline or will spot weakness force a deeper liquidity hunt? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #PI #MarketStructure #Crypto #TechnicalAnalysis
๐ฅ ๐