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Solaiman Erfan
$PI has traded between 0.0928 and 0.0998 for a week. Seven days, a 7% band, and no direction at all.
Boring charts teach you more than exciting ones. Look at the failed spike to 0.0998 on Sep 9. It got sold within the hour and dragged price to the week's low. That's a lot of trapped buyers sitting above.
They become the sellers on the next push. That's why 0.098 keeps capping it.
Range trader's dream or a waste of screen time?
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