From the daily chart, we can see that the price is all below the moving averages, which clearly indicates a bearish trend. However, the lower Bollinger Band on the daily chart is around 0.184. Aggressive traders can consider buying around 0.184. Even if 0.184 doesn't hold and the price continues downward, for very short-term trading, there will still be a rebound to confirm at 0.184 USD. If it fails to break through then, selling won't result in significant losses. The most important thing in trading is to first protect your principal before thinking about making profits. A cautious approach is to wait for the moving averages to stabilize or flatten, roughly around 0.2 USD, before entering. When the 5-day moving average starts to turn upward, it's time to add positions. The sell signal is when the price moves far away from the moving averages or breaks out above the upper Bollinger Band, but this is not 100% accurate. We can only say that the probability of winning is higher. Trading is essentially a game of small bets for big gains.

PI0.67%
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ImaginativeWealthvip
· 6h ago
Hold on tight, we're about to take off 🛫
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WallStreetTrendResearchvip
· 6h ago
If it's a main upward wave, the current daily chart pattern of Pi Coin suggests it will rise quickly. However, π is still searching for a bottom because the bottom of the large range between 0.2 to 0.3 USD has already been broken. Therefore, it needs to find a new bottom, and the previous 0.2 USD support will no longer hold and may become an important resistance level.
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