Trading Strategy For Pi Trading?

As of February 17, 2025, Pi Network (PI) is trading at approximately $128.01 per token, with a 24-hour trading volume of $291,074. This reflects a significant increase from the $160+ price point observed on January 16, 2025.

In light of the upcoming open mainnet launch on February 20, 2025, the optimal trading strategy for PI tokens should be carefully considered. The mainnet launch is expected to introduce features such as peer-to-peer transactions, smart contracts, and decentralized applications (dApps), potentially enhancing the token's utility and market demand.

Holding: Retaining PI tokens post-mainnet launch could be advantageous, as increased utility may drive demand and, consequently, price appreciation. This strategy aligns with the perspective that immediate mass selling could lead to an oversupply, exerting downward pressure on prices. Community sentiment also supports holding.

Trading Strategies:

Trend Trading: This approach involves analyzing longer-term price movements to identify upward or downward trends. Utilizing technical analysis tools, such as moving averages and the Relative Strength Index (RSI), can help determine optimal entry and exit points.

Swing Trading: Focusing on short- to medium-term price patterns, swing traders aim to capitalize on market volatility. By identifying key support and resistance levels, traders can make informed decisions on when to buy or sell PI tokens.

Peer-to-Peer (P2P) Exchanges: Engaging in P2P transactions may offer more favorable rates compared to traditional exchanges, especially during periods of high volatility. However, it's crucial to ensure that such transactions are conducted securely and comply with local regulations.

Upcoming Exchange Listings: PI is scheduled to be listed on Bitget, with trading available from February 20, 2025. This listing could enhance liquidity and provide more trading opportunities.

What strategy will you be choosing? Tell me in comments.