Pi Network. Thinking about catching this dip, or letting it bleed first? Altcoins are getting hammered again after the latest risk-off wave in crypto, and Pi is no exception - every bounce is being sold. According to the current market mood, speculative coins are being used as an ATM to cover risk elsewhere.
On the 4H chart price is in a clean staircase downtrend, trading below the main volume cluster near 0.155 and having flipped 0.14 from support to resistance. RSI is buried in oversold, so I expect a technical bounce, but for now I treat it as a dead cat, not a new uptrend. My base scenario is a pullback into the 0.138-0.145 supply zone then another leg down toward 0.128 and maybe 0.118.
My plan: wait for a weak retest of 0.14 with rejection candles and fading volume, then look for short setups with tight invalidation above 0.15. If price suddenly reclaims 0.15 and holds with RSI back above 50, that would cancel the short idea and open the road toward 0.165. I might be wrong, but buying this straight downtrend without confirmation looks like volunteering as exit liquidity ⚠️
On the 4H chart price is in a clean staircase downtrend, trading below the main volume cluster near 0.155 and having flipped 0.14 from support to resistance. RSI is buried in oversold, so I expect a technical bounce, but for now I treat it as a dead cat, not a new uptrend. My base scenario is a pullback into the 0.138-0.145 supply zone then another leg down toward 0.128 and maybe 0.118.
My plan: wait for a weak retest of 0.14 with rejection candles and fading volume, then look for short setups with tight invalidation above 0.15. If price suddenly reclaims 0.15 and holds with RSI back above 50, that would cancel the short idea and open the road toward 0.165. I might be wrong, but buying this straight downtrend without confirmation looks like volunteering as exit liquidity ⚠️
SIGNAL INDICATOR
NO REDESIGNING
✅Buy&Sell according to 7 strategies
✅Technical analysis according to 30+ parameters
✅WinRate of signals up to 75%
✅RR 1k3, no deep drawdowns!
Free test drive using my link:
👉t.me/Multiindicator_bot
NO REDESIGNING
✅Buy&Sell according to 7 strategies
✅Technical analysis according to 30+ parameters
✅WinRate of signals up to 75%
✅RR 1k3, no deep drawdowns!
Free test drive using my link:
👉t.me/Multiindicator_bot
Related publications
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.
SIGNAL INDICATOR
NO REDESIGNING
✅Buy&Sell according to 7 strategies
✅Technical analysis according to 30+ parameters
✅WinRate of signals up to 75%
✅RR 1k3, no deep drawdowns!
Free test drive using my link:
👉t.me/Multiindicator_bot
NO REDESIGNING
✅Buy&Sell according to 7 strategies
✅Technical analysis according to 30+ parameters
✅WinRate of signals up to 75%
✅RR 1k3, no deep drawdowns!
Free test drive using my link:
👉t.me/Multiindicator_bot
Related publications
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.