📉 #Pi Network Market Update – June 18

The market remains reactive to news catalysts, but such movements are usually short-lived, frequent, and rapid, mostly influencing smaller timeframes without altering the overall technical structure. Once the impact fades, price action tends to return to its technical trajectory.

🔹 In the early morning session, Pi stayed in a range-bound consolidation, forming a solid base near the 104,000 level — this zone is gradually becoming a key support, potentially setting the stage for the next major move.

📊 4H Technical Overview:

After three consecutive declines, the price touched the lower Bollinger Band and is attempting a rebound.

Current Range:
▫️ Support: 103,300
▫️ Resistance: 105,288

The 4H structure shows a "Three-Pressure One-Stick" pattern:
🔹 MA resistance
🔹 Mid-Bollinger Band resistance
🔹 MACD divergence
🔹 Price hugging the lower Bollinger Band

No clear reversal signals yet on the 4H chart.

📌 Short-Term Strategy:

Resistance Focus: 104,738
🔸 As long as price remains below, consider it a shorting opportunity.

Breaking Point: 103,621
🔸 If broken, next target: 102,664

Counter-Trend Long:
🔹 Only consider bottom-fishing if price holds above 105,925 with MACD golden cross.

🚨 Not investment advice – for educational reference only!

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