$PIVX
PIVX/USDT Technical Analysis: Support, Resistance & Buying Strategy
**Key Support Levels**:
1. **Immediate Support**:
- **$0.1224** (24h low)
- *Break below this may trigger further downside to $0.1037*.
2. **Strong Support**:
- **$0.1037** (critical historical level from data)
- *Expected rebound zone for long-term holders*.
**Resistance Levels**:
1. **Immediate Resistance**:
- **$0.1333** (EMA-8)
- *Price has failed to break this level, confirming bearish pressure*.
2. **Strong Resistance**:
- **$0.2107** (EMA-51)
- *Sustained closing above needed for long-term trend reversal*.
**Downside Potential**:
- **Short-Term (1-2 days)**:
- If $0.1224 breaks → **$0.1037** (≈**16% drop**).
- **Worst-Case Scenario**:
- Breakdown below $0.1037 → **$0.0850** (no historical support visible).
> 📉 **Alert**: Weak volume suggests sellers are exhausted, but buyers remain inactive.
**Where to Buy?**:
1. **Aggressive Entry**:
- **$0.1037** (strong support)
- *Stop Loss: Below $0.1000*
- *Target: $0.1333 (28% upside)*.
2. **Safe Entry**:
- Wait for **close above EMA-8 ($0.1333)** + rising volume.
- *Confirmation: RSI >50 or MACD histogram turning green*.
3. **Scalping Opportunity**:
- Bounce from $0.1224 → Quick trade to **$0.1270 (4% profit)**.
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**Risk Management**:
- **Stop Loss**: Always use 3-5% SL.
- **Position Size**: ≤5% capital per trade.
- **Confirmation**: Require bullish candlestick patterns (hammer, engulfing) before entry.
> 📌 **Conclusion**: Market is bearish. High probability of drop to $0.1037. Wait for $0.1037 or EMA-8 breakout to buy. **Never enter without volume confirmation.**
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**Critical Monitoring**:
- **Bullish Signals**:
- Volume surge + close above $0.1333.
- RSI reversal from oversold (<30).
- **Bearish Continuation**:
- Close below $0.1224 → Accelerated selling.
