2025-12-06 22:06:40

$PI needs to hold above $0.23 for 3 days for the market to have a chance to move upwards, because right now the 5-day moving average on the daily chart is exactly at $0.23. The 5-day moving average is the main line that drives other daily moving averages upward. At the same time, $0.23 was also a previous consolidation platform. If $0.23 is not broken, it acts as resistance; once $0.23 is broken, it becomes support. Therefore, holding above $0.23 for 3 days is necessary to confirm it as support, because sometimes there are false breakouts that lure buyers in, so requiring 3 days of stability makes sense.

PI-0.53%

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GoWithTheFlow

· 12-07 01:14

坚定HODL💎

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WallStreetTrendResearch

· 12-07 01:03

Now, from the 1-hour timeframe all the way up to the weekly chart, the overall trend is upward. As long as any one of these timeframes shows a different trend, there will be repeated oscillations. For example, if the 4-hour or 8-hour chart is trending downward while the others are trending upward, there will be back-and-forth fluctuations until consensus is reached to determine whether the final direction is up or down. The market is ruthless, and it's important not to be stubborn as market conditions can change at any time. That's why I usually start by looking at the monthly, quarterly, and yearly charts, because once the macro trend is set, it's hard to change direction in a short period of time. It's easy to manipulate signals on the daily chart, but it's not as easy to do so on the weekly chart. However, the weekly and monthly charts for this coin don't look very good at the moment. So why did I still buy some? It's because I see the project's future development. Therefore, it will take a long time for this coin to experience a major rally.

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PiXiaonan

· 12-07 00:03

Just go for it 💪

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