PI/USDT Technical Analysis & Trade Plan


$PI #BitcoinVShapedReversalBack
Current Snapshot
Metric
Value
Price
$0.16036
24h Change
-4.65%
24h High/Low
0.16857 / 0.15600
SuperTrend
0.16446 (bearish — price below)
Chart Reading (1H)
Trend: Strongly bearish. Price broke down sharply from the ~0.17152 resistance zone and has been in a downtrend since May 15. No recovery attempt has been sustained.
SuperTrend (10,3): Flipped red at 0.16446 — acts as dynamic resistance. Price is well below it — bearish confirmation.
MACD (12,26,9):
MACD: -0.00050 | DIF: -0.00239 | DEA: -0.00189
Histogram is red and expanding — momentum is still to the downside. No crossover yet.
Key Levels:
Resistance: 0.16446 (SuperTrend), 0.16980, 0.17152
Support: 0.15728 (recent swing low), 0.15600 (24h low / major support)
Trade Plan
🔴 SHORT (High Probability Setup)

Entry
Retest of 0.16300–0.16446 (dead-cat bounce into SuperTrend)
Stop Loss
Above 0.16700
Target 1
0.15728
Target 2
0.15600 (and below)
R:R
~1:2+
Wait for price to bounce up and fail at the SuperTrend line before entering short.
🟢 LONG (Counter-trend — Higher Risk)

Entry
Only if price holds above 0.15600 with bullish reversal candle (hammer/engulfing)
Stop Loss
Below 0.15400
Target
0.16300
R:R
~1:1.5
This is a risky bounce trade. Only consider if MACD starts curling up.
Summary
⚠️ Bias is BEARISH. Do not buy into the falling knife. The dominant trade is a short on any bounce toward 0.163–0.1645. Watch 0.15600 as the critical support — a break below opens the path to 0.14–0.15 range.
PI-3.18%
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