Building Momentum After the Dump

🧠 Idea Summary:
After a sharp drop, PIUSDT is showing signs of stabilization and recovery. Price is climbing along a short-term ascending trendline, supported by key Fibonacci retracement levels. Buyers are attempting to regain control above the $0.58–$0.59 zone.

🔍 Technical Highlights:
Current price: ~$0.583

Recent structure: V-shaped bounce from ~$0.50 lows

Key Fibonacci retracement levels:

0.382 – $0.545

0.5 – $0.558

0.618 – $0.572

0.786 – $0.592

Resistance to reclaim: $0.592 (Fib 0.786) and $0.617 (Fib 1.0)

Price is currently moving within a bullish ascending channel, showing higher lows.

🟢 Bullish Scenario:
If price holds the ascending trendline and breaks above $0.592, a move toward the full recovery zone at $0.617+ is likely. Sustained buying pressure above this level could lead to a trend reversal.

🔴 Bearish Scenario:
A breakdown below the trendline and $0.572 (0.618 Fib) would invalidate the current bullish structure. In that case, watch for support at $0.558 and $0.545.

📌 Conclusion:
PIUSDT is at a decision point. Holding above the trendline and reclaiming $0.592 would signal bullish continuation. This setup could offer a low-risk entry with a clear invalidation point below $0.572.