PIUSDT is not just pulling back here. It’s reloading.
This whole move started after price completed the bearish red sequence C target. From that completion, buyers stepped in aggressively and launched a bullish green sequence that successfully reached its own C target.
That alone was already a shift in tone.
Then price formed a green WCL, respected it, and pushed higher again. The key moment came when price broke above the green C, because that is what activated the larger blue matryoshka bullish sequence.
That changes the reading of the chart.
This is no longer a simple bounce off lows.
This is a smaller bullish structure expanding into a larger continuation framework.
Now yes, price reacted lower from the red WCL overhead. That zone clearly caused selling pressure. But here’s the important part: the rejection did not destroy the bullish structure. Instead, price formed a bullish blue BC.
And that BC matters.
Because in valid sequence logic, BC is the fuel leg. It is the loading zone that can carry price toward the active blue C target.
So right now the chart is showing a battle between:
That is why this zone is so important.
If buyers defend the blue BC, then this current pullback may simply be the market building energy before continuation. In that case, the bigger blue sequence remains valid and the chart still points toward the blue C objective.
So my current read is bullish unless the market proves otherwise.
I am not treating this as a random rejection.
I am treating it as a structured reset inside an active bullish matryoshka sequence.
Bullish case
Hold the blue BC, regain momentum, continue toward blue C.
Invalidation idea
Lose the blue BC decisively, and this continuation thesis weakens hard.
Until that happens, the structure still says the market has unfinished business higher.
Not financial advice. This is just my personal read based on sequence logic, WCL behavior, and market structure.
This whole move started after price completed the bearish red sequence C target. From that completion, buyers stepped in aggressively and launched a bullish green sequence that successfully reached its own C target.
That alone was already a shift in tone.
Then price formed a green WCL, respected it, and pushed higher again. The key moment came when price broke above the green C, because that is what activated the larger blue matryoshka bullish sequence.
That changes the reading of the chart.
This is no longer a simple bounce off lows.
This is a smaller bullish structure expanding into a larger continuation framework.
Now yes, price reacted lower from the red WCL overhead. That zone clearly caused selling pressure. But here’s the important part: the rejection did not destroy the bullish structure. Instead, price formed a bullish blue BC.
And that BC matters.
Because in valid sequence logic, BC is the fuel leg. It is the loading zone that can carry price toward the active blue C target.
So right now the chart is showing a battle between:
- Red WCL overhead resistance
- Blue BC continuation support below
- Blue C still active above
That is why this zone is so important.
If buyers defend the blue BC, then this current pullback may simply be the market building energy before continuation. In that case, the bigger blue sequence remains valid and the chart still points toward the blue C objective.
So my current read is bullish unless the market proves otherwise.
I am not treating this as a random rejection.
I am treating it as a structured reset inside an active bullish matryoshka sequence.
Bullish case
Hold the blue BC, regain momentum, continue toward blue C.
Invalidation idea
Lose the blue BC decisively, and this continuation thesis weakens hard.
Until that happens, the structure still says the market has unfinished business higher.
Not financial advice. This is just my personal read based on sequence logic, WCL behavior, and market structure.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.