R3N

$PI is trading at $0.2188 on the 4H after one of the more interesting recoveries in the market recently. Price climbed steadily from the $0.13 lows in early February all the way to $0.24 before pulling back sharply. That pullback found support right at the grey demand zone around $0.2000–$0.2075 and price is now sitting just above it. The overall structure is still bullish — higher lows building from left to right across the entire chart.

The grey zone at $0.2000–$0.2075 is the key area right now. It absorbed the selling after the March 7th spike and held. Price dipped into it twice in quick succession and bounced both times — that's buyers defending their territory. As long as this zone holds on the 4H, the recovery setup remains valid and the path toward new highs stays open.

The projected move shows one more potential dip into the grey zone, a hold, then a sharp move toward $0.2400 and beyond. The dotted resistance around $0.2188 is the immediate ceiling — clearing it with a 4H close above would signal the pullback is over and the next leg is beginning.

What to Watch

Key support: $0.2065–$0.2075 grey zone floor

Key resistance: $0.2400 prior high

Liquidity zone: $0.2188 dotted pivot — current price

Confirmation: 4H close above $0.2200 with follow through toward $0.2400

$PI held the grey zone twice already after the spike. The structure is still pointing higher and the demand zone is doing its job. A clean bounce from $0.2065–$0.2075 with strong 4H candles would be the signal that the next leg toward $0.2400 is loading.

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