Long Trade Setup – PIUSD!

📈
Timeframe: 30-Minute Chart
Setup Type: Falling Wedge Breakout (Bullish Reversal)

📌 Trade Plan
Entry Zone: Around $1.10 (breakout confirmation above trendline)

Stop-Loss (SL): Below $0.95 (invalidates wedge & structure support)

🎯 Take Profit Targets
TP1: $1.32 – Recent resistance zone

TP2: $1.57 – Measured move from wedge breakout

🔍 Technical Highlights
Falling wedge pattern signals reversal potential 📉➡📈

Clean breakout candle above the wedge with consolidation

Strong demand at ascending trendline support

Volume stabilizing post-selloff

📊 Risk-Reward Ratio
Risk: $1.10 - $0.95 = $0.15

Reward to TP2: $1.57 - $1.10 = $0.47

R:R ≈ 1:3.13 ✅

🚀 Execution Strategy
✅ Enter only on confirmed breakout and candle close above trendline

🛑 SL just below $0.95

🎯 Partial profit at TP1, trail rest toward TP2

⚠ Invalidation Risk
❌ Strong bearish rejection from $1.10

❌ Bearish engulfing candle with volume below trendline