🔻 $PIVX /USDT – Bearish Reversal Incoming! 🚨📉
Current Price: $0.1267
$PIVX just got rejected from the key $0.1300 resistance, forming clear lower highs — a sign that bullish momentum is fading fast. On the 1H chart, back-to-back red candles are now signaling a potential bearish reversal, with sellers stepping in at the top.
📊 Short Trade Setup: • Entry Zone: $0.1275 – $0.1290
• TP1: $0.1245
• TP2: $0.1220
• Stop Loss: $0.1308
⚡ Technical View:
Momentum has shifted to the downside after repeated failures to break above resistance. Reversal structure building with declining volume confirmation.
🛡 Risk Note:
If price breaks above $0.1308, cut the trade — it invalidates the setup. Stick to your SL and manage size wisely.
🔄 Strategy Breakdown:
This is a short-term momentum play based on a classic lower high rejection and weakening volume. We’re targeting the breakdown continuation as price slips back toward previous support.
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