🚨 $PIVX /USDT Trade Signal (1H Chart) 📉
Sell the shit before it drops again $PIVX
Technical Analysis:
PIVX/USDT has seen a sharp decline from its 24h high of 0.2585 to 0.2363, down 78.07% in a single candle, indicating heavy selling pressure. The price is now below the EMA(7) at 0.1929, EMA(25) at 0.1687, and EMA(99) at 0.1527, confirming a bearish trend. Volume spiked to 33.98M PIVX during the drop, showing strong market reaction. The price is testing support around 0.2366; a break below could lead to further downside toward 0.2160.
Trade Signal:
- Entry: Sell at 0.2363
- Take Profit: 0.2160 (-8.6%)
- Stop Loss: 0.2585 (+9.4%)
- Leverage: 5x (adjust based on risk tolerance)
- Risk/Reward Ratio:** ~1:1
Note: Monitor for a breakdown below 0.2366 with volume confirmation. If the price reclaims the EMAs, consider exiting early. Trade cautiously given the volatility! 📊