Pi Network: Do you buy or sell?
In the current scenario of the Pi Network chart, we observe a classic formation of a descending triangle, a signal generally associated with the continuation of a downward trend. However, the pattern is forming at the end of a possible ABC corrective movement, which may suggest selling exhaustion.
The key point lies in the complementary technical analysis: the RSI shows a bullish divergence, indicating that, despite the selling pressure, the strength of the movement is weakening. Moreover, the selling volume is visibly low, which reinforces the possibility of a false breakout or an imminent reversal.
In this context, the strategic doubt arises:
Do you buy at the end of wave B, believing in the start of wave C as an upward impulse?
Or do you sell at the end of wave C, betting on the continuation of the downward trend with a breakout of the triangle?
The answer depends on your profile, reading of institutional flow, and the confirmation of the next candles. And you, what would you do?
