$PI Caution: Regarding the current market situation, I believe that fundamentally the bullish momentum is still insufficient. The positions from $0.18 to $0.23 are all resistance levels, and with the current trading volume, it’s impossible to break through. Although I am optimistic about this coin in the long term, it is currently relatively weak and lacks the ability to resist falling. Some may say I am being two-faced, but you are wrong. A mature investor has a sense of the market, and even if they are wrong, they admit it. This situation is like in stocks: when the overall market rises, it has a slight increase; when the market falls, it drops sharply. I have also mentioned multiple times before that on the daily chart, at least one large bullish candle with a 5% increase and high volume is needed to reverse this current weakness. So now, this position is suspicious of being a trap for more buyers, and it will definitely continue to decline, at least to the $0.17 level. Therefore, this is not a good time to buy.

PI-4.34%
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WallStreetTrendResearch
· 05-10 21:06
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July: The major turning point in the market occurs in July. First, the technical upgrade to V26 was fully completed on June 22, and theoretically, it has met all the conditions for open sourcing. Second, the U.S. cryptocurrency legislation was expected to pass before July 4. These two timelines are very closely aligned, so once these two points are realized in July, it will trigger a market explosion.
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ComeWealth,ComeWealth,Come
· 05-14 03:19
What kind of trend is this? Neither up nor down.
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小龙7757
· 05-13 15:49
How to join the group to learn from the teacher
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ZhaoLuize
· 05-13 13:55
How to add DingTalk boss, I also want to improve!
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ZhaoLuize
· 05-13 13:52
Awesome
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It'sASunnyDay!
· 05-12 20:35
I am willing to dedicate myself to knowledge and rice.
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It'sASunnyDay!
· 05-12 20:35
With such high traffic, you have to seize the opportunity, freeze the moment, and launch the entire fan base, big boss.
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Bukabuka
· 05-11 14:23
Alright, boss, steady as an old dog, let's wait and see.
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WallStreetTrendResearch
· 05-11 07:50
Starting from $3, the straight decline shows the market sentiment's dissatisfaction—no matter how good the news is, it’s useless. Investors are voting with their feet; what market participants want is not just talk, but tangible things. What is that? It’s fully open source. Once it’s open source, large funds will naturally flow in, and at that time, the price will naturally go up.
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GateUser-91da21b3
· 05-11 00:56
Steadfast HODL💎
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IAmCrazyForJun
· 05-11 00:37
Thank you for the analysis from the Wall Street teacher 👍
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