$PIVX Tp 1 ✅Done✅

📉 Short Signal Strategy for $PIVX

🔍 Market Overview

PIVX has experienced a substantial price surge recently, which may indicate overbought conditions and potential for a short-term pullback.​

⚙️ Technical Setup

📌 Entry Point

Short Entry: Consider entering a short position if PIVX fails to sustain above the $0.2600 resistance level and shows signs of reversal, such as bearish candlestick patterns or declining volume.​

🎯 Take-Profit Targets

TP1: $0.2000

TP2: $0.1800

TP3: $0.1600​

🛑 Stop-Loss

SL: Above $0.2700 to manage potential losses if the price continues to rise.​

📊 Key Indicators

RSI: Currently above 70, suggesting overbought conditions and potential for a price correction.

MACD: Monitoring for a bearish crossover, which could signal a shift in momentum.

Volume: Watch for decreasing volume on upward price movements, indicating weakening bullish momentum.​

⚠️ Risk Management Tips

Position Sizing: Risk no more than 1–2% of your trading capital on a single trade.

Risk-Reward Ratio: Aim for a minimum of 2:1 to ensure potential profits outweigh losses.

Market Conditions: Stay updated on news and events that might impact PIVX's price.​

Always conduct your own research and consider market conditions before making trading decisions.