#MyQixiTradingShare

PI Network is currently in a consolidation phase within a structural downtrend, not a confirmed reversal. Three main reasons support a sell bias:

Trend structure remains bearish - price has stayed below the EMA50 and MA200 since the beginning of the year (down ~97% from the $2.99 ATH). Short-term rallies have repeatedly failed to convincingly break through $0.090–$0.096.

Supply overhang - ongoing token unlocks continue to add selling pressure, while real demand (mainnet adoption) is not yet strong enough to offset it.

Momentum is weakening - RSI is neutral-to-weak, MACD is nearing negative; there has not yet been a volume breakout confirming a reversal (the double-bottom pattern around $0.076 remains unconfirmed because resistance at $0.096 has not been broken).

Key levels validated by multiple independent sources: support at $0.0847–$0.0851, then $0.0828, then $0.0809; resistance at $0.0869–$0.0877 (EMA cluster), then $0.0899–$0.0900, then $0.0940–$0.0960.
⚠️ Special 20x Leverage Warning
This is the most important point you need to consider:

At 20x leverage, the distance to liquidation is only around 4–5% from the entry price (depending on the exchange's maintenance margin). The SL in the conservative scenario ($0.0904 → $0.0942, around 4.2–5.3% from entry) is already very close to the liquidation zone - there is almost no room to tolerate market noise.

PI is known to be highly volatile with long wicks (often seen in the data above). A brief candle spike can trigger an SL/liquidation before the price returns in the direction of your thesis.

Position size must be very small — ideally, allocate only margin that you are truly prepared to lose 100%. Do not go all-in with high leverage.

Thesis invalidation: if the price reclaims and closes (daily candle) above $0.0942–$0.0960, the short-term bearish structure is invalidated - exit the position regardless of whether the SL has been hit.

Conclusion

PI's short- to medium-term bias leans toward sell/short, but this setup is classified as low-to-medium conviction (RSI neutral, no major volume breakdown yet). A limit-at-resistance scenario is much more disciplined in terms of risk management than selling directly at market.

Not financial advice. 20x leverage on a highly volatile altcoin like PI carries a very high liquidation risk - use extremely conservative position sizing and never risk more than you are fully prepared to lose.