$PI

Trade Plan: PI/USDT

Current Price: ~$0.0717
Trend: Strongly bearish (-17.68%), trading near the 24h low and below the lower Bollinger Band (0.0744).

1. Entry (Short – Continuation)

· Trigger: A break below 0.0704 (24h low & support) with high volume.
· Aggressive Entry: Short on a pullback to 0.0744–0.0750 (lower Bollinger as resistance) if price rejects.

2. Stop-Loss (SL)

· Place SL at 0.0780 (above lower Bollinger and recent consolidation).
· For a tighter SL, use 0.0744 (if entering at 0.0717, risk is small).

3. Take-Profit (TP)

· TP1: 0.0650 (psychological round number)
· TP2: 0.0600 (next major support)
· TP3: 0.0550 (extended target if momentum continues)

4. Risk/Reward

· Risk: ~$0.0063 (from 0.0717 to 0.0780)
· Reward: ~$0.0067 to $0.0167 (TP1–TP3)
· R:R = ~1.1 to 2.7 (good risk/reward for shorts)

5. Key Indicators to Watch

· Volume: VOL (6.28M) is above MA(5)=4.72M — selling pressure is active. A continued volume spike confirms breakdown.
· MACD: Strongly bearish (MACD < 0, DIF far below DEA) — momentum favors shorts.
· OBV: Deeply negative (-88.04M) and below MAOBV (-63.97M) — distribution ongoing.

6. Invalidation

· If price breaks and closes above 0.0744 (lower Bollinger) with strong volume, the bearish breakdown is invalidated — consider covering shorts.

Alternative: Long (only if reversal)

· Entry: If price forms a strong bullish reversal pattern at 0.0704 and closes back above 0.0744.
· SL: 0.0700
· TP: 0.0800 → 0.0850 (SuperTrend resistance)

Important Caution

· High volatility (-17.68% in 24h) — use smaller position sizes and tight stop-losses.
· News-driven move — watch for any positive Pi Network news that could trigger a sharp reversal.
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