#PI Let's analyze the PI/USDT chart you provided and outline a possible trading scenario.

IMPORTANT NOTICE:
* This is NOT financial advice. Cryptocurrency trading is extremely risky and can result in the total loss of your capital.
* The chart is a static image of a specific moment. The market is in constant motion. The analyses and proposed scenarios are based on the data visible at the time of the image.
* I am analyzing an old chart ( data up to 07-13 00:00, which in July 2025 is no longer current ). What I will present is a purely technical analysis of a point in time.
Analysis of the PI/USDT Chart (Image Provided)
Current Price ( on the chart ): $0.4519
24h Change: +2.12%
Maximum in 24h: $0.4556
Minimum in 24h: $0.4402
24h Trading Volume: $30.01M
Visible Technical Indicators:
* Bollinger Bands (BOLL):
* BOLL(20,2): BOLL: 0.4646, UB (Upper Band): 0.4988, LB (Lower Band): 0.4304
* The price is currently between the mid-band and the upper band. The lower band (0.4304) seems to have acted as support recently.
* The bands are relatively tight, which may indicate a period of lower volatility or compression before a larger movement.
* MACD (Moving Average Convergence Divergence):
* MACD(12,26,9): DIF: 0.0034, DEA: -0.0314
* The MACD (light blue line) is above the signal line (purple line).
* The histogram (bars below the lines) is positive and growing (light bars), which indicates an upward momentum. There seems to have been a bullish crossover (recently.
* RSI )Relative Strength Index(:
* RSI)6(: 44.7964
* RSI)12(: 39.8131
* RSI)24(: 40.2778
* The RSI values are in neutral territory )below 50, but above 30(, indicating that the asset is neither overbought nor oversold.
Observed Price Patterns:
* Significant Previous Drop: The chart shows a large drop from a peak near $1.80, with several downward movements and consolidations.
* Recent Support: The lower Bollinger line at $0.4304 and the apparent bottom at $0.3842 ) marked with "B"( indicate important support levels.
* Recent Trend: In the last days visible on the chart, the price seems to be trying to recover, coming out of a consolidation/bottom area.
Possible Trading Scenario )Based ON THE OLD CHART(
General Objective: To attempt to capitalize on a potential continuation of the recovery movement or a short-term trade within the Bollinger Bands.
Strategy: Buy on Retracement with Support Confirmation
Considering that the price has risen from a low and the indicators )MACD( show some positive momentum, but the RSI is still neutral, a cautious scenario would be to wait for confirmation.
* Entry )Purchase(:
* Price Level: I would look for a retracement to near the lower Bollinger band )$0.4304( or to the stronger support at $0.3842.
* Condition: The purchase would be triggered if the price reached one of these levels and showed clear signs of recovery )e.g., bullish reversal candles, increased buying volume(.
* Justification: Buying at support allows for lower risk and greater potential reward if the price recovers. The current price )$0.4519( is already a bit above the immediate support. If the goal is a purchase based on support, waiting for a retracement is more prudent.
* Stop-Loss )Exit to Limit Losses(:
* Price Level: I would place the stop-loss just below the last significant support.
* If the entry is near $0.4304 )Lower Bollinger Band(, the stop-loss could be at $0.4200 - $0.4250.
* If the entry is near the previous support of $0.3842, the stop-loss could be at $0.3700 - $0.3750.
* Justification: If the price breaks these supports, the downtrend may continue, and it is important to exit the position to avoid further losses.
* Take-Profit )Exit to Take Profits(:
* Price Level:
* First Target )Conservative(: The Bollinger Bands middle band )$0.4646( or the previous resistance level, which seems to be around $0.5714 )marked with "S"(.
* Second Target )More Ambitious(: The upper band of Bollinger )$0.4988(, or even a psychological level like $0.50 or the next level of historical resistance that is not clearly visible in the image, but can be estimated as the previous consolidation area.
* Justification: Take profits at resistance levels or when the price approaches the upper bands, especially if the RSI starts to indicate overbought )although this is not the case in the current chart(.
Additional Considerations for a Real-World Scenario
* Volume: Always pay attention to the trading volume. An increase in volume in the direction of your trade )buy for up, sell for down( can confirm the movement.
* News and Events: The Pi Network is a specific project. News about the development of the Mainnet, listings on new exchanges, or partnerships can have a significant impact on the price.
* Risk Management: Define the size of your position according to your risk tolerance. Do not risk a large percentage of your capital on a single trade, especially in such a volatile and speculative asset.
* Time Frame: This chart is for 1 day )"1D"(. If you are day trading, you would use smaller time frames )1h, 15m( to fine-tune entries and exits.
* General Trend of the Crypto Market: Bitcoin )BTC( and Ethereum )ETH( generally influence the entire market. It's always good to have an idea of the overall direction.
In summary, and reiterating the warning: This is just an example of how someone could approach a negotiation based on the visible data in the provided chart. Real success in trading is unpredictable and requires continuous analysis, rigorous risk management, and a deep understanding of the market.