After a strong rise in price and volume Pi coin is now showing stability at its golden pocket. considering weekends having slow volumes and range bund price action, Pi coin is also expected to maintain the price range of 0.58-0.59. however aligning with pricing of btc and near weekly close it price expected to pump till .7 or above. its ADX is trending at 4hrs and daily, its stoch rsi is about is bottoming. rsi showing multiple divergences at 4h and LtF. it is forming butterfly pattern with expected "C" at 0.5603, but as it is showing strength at golden pocket so it is expected to go above from here that is 0.5833. that is why I suggest 3 entries for average pricing and avoid missing any opportunity.
Thus take entry with confluences like
1.BTC bottoming at 4h
2. weekly close
3. rsi golden cross
4. C leg of harmonic butterfly
5. bottoming of stoch rsi
Here is the setup
entry 1. 0.5833 10% of ur investment
entry 2. 0.5606 30%
entry 3. 0.5496
SL 0.54
Tp1. 0.576
Tp2. 0.614
Tp3. 0.6685
Tp4. 0.702
Thus take entry with confluences like
1.BTC bottoming at 4h
2. weekly close
3. rsi golden cross
4. C leg of harmonic butterfly
5. bottoming of stoch rsi
Here is the setup
entry 1. 0.5833 10% of ur investment
entry 2. 0.5606 30%
entry 3. 0.5496
SL 0.54
Tp1. 0.576
Tp2. 0.614
Tp3. 0.6685
Tp4. 0.702
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.