Entry & Exit Strategy for PI/USDT (4H Chart Analysis) 💰$PI💰
1. Entry Points (Buying Opportunities)
Breakout Entry: If the price breaks above $2.00 with good volume, it could rally toward $2.25 - $2.30 (previous resistance).
Pullback Entry: If the price retraces to $1.85 - $1.90 and shows bullish signs (e.g., green candles, strong volume), it could be a good re-entry for an upward move.
Strong Support Entry: If it drops further, $1.80 - $1.82 is a strong support level where buyers may step in.
2. Exit Points (Selling Opportunities)
Short-Term Profit: Sell around $2.10 - $2.15 if momentum weakens.
Major Resistance Exit: If price reaches $2.25 - $2.30, take profits or trail your stop-loss to protect gains.
Stop-Loss:
Conservative traders: $1.85 (below the recent support level).
Aggressive traders: $1.75 (below recent swing low).
3. Indicators Confirmation
MACD: If it continues to rise, bullish momentum will remain strong.
Volume: A breakout above $2.00 needs to be backed by strong buying volume.
RSI (if available): If above 70, the asset may be overbought; if near 50-60, it’s still in a healthy uptrend.
Conclusion
Bullish above $2.00, targeting $2.25 - $2.30.
Good dip buy levels: $1.85 - $1.90, with strong support at $1.80.
Risk management: Set stop-loss at $1.85 (conservative) or $1.75 (aggressive).