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$PI Daily charts need to rise well, and weekly and monthly trends must be good regardless of the asset. This is a conclusion I’ve drawn from many years and countless cases. So now, the weekly and monthly trends of π coin still show signs of upward movement in May, but from the current perspective, they still need to go down, so shorting on rallies is your only way to save yourselves.
So, judging from the K-line of May 31, the resistance above is still relatively significant. That means it will inevitably keep trying to find a bottom. If it’s strong, it would have gone straight up on June 1.
Going long only when it’s strong, and going short only when it’s weak—only by following the trend can you avoid losing too badly.