PI forming a Potential Double Bottom Pattern! 📉#PI is currently testing a crucial reversal zone after completing two symmetric dips near the $0.19–$0.20 support — hinting at a possible double bottom formation.
🔸Bottom 1: Formed near $0.193, marking the first major support test.
🔹Bottom 2: Retesting the same zone with decreasing sell volume — a sign of bear exhaustion.
🔸Neckline resistance: Around $0.208–$0.210 — a breakout above this level could confirm bullish reversal momentum.
🎯 If confirmed breakout: Price could push toward $0.215 → $0.22
⚠️ If rejection continues: Watch the $0.19 zone — losing this may extend downside pressure.
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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.