$PIVX

USDT – BEARISH REVERSAL AFTER A SHARP SPIKE, WATCH FOR FURTHER DIPS! 🔻

$PIVXUSDT witnessed a strong vertical rally reaching as high as $0.1990 but is now showing a clear bearish reversal, currently trading at $0.1460 with profit-taking pressure dominating.

🔑 Key Levels:

Support: $0.1400 – crucial holding zone for buyers

Resistance: $0.1600 – immediate barrier for any bounce

Current Price: $0.1460

🎯 Trade Setup:

SHORT ENTRY:

Entry Zone: $0.1480 – $0.1520

Take Profit 1: $0.1400

Take Profit 2: $0.1320

Stop Loss: $0.1600

📊 Market Outlook:

The chart shows strong rejection wicks from the top, indicating seller dominance post-pump. Unless price reclaims above $0.1600 with volume confirmation, the market structure remains bearish for intraday.

⚠️ Risk Management:

Avoid overleveraging during high volatility. Use tight SLs, risk only 1-2% per trade, and stay disciplined against emotional trades during rapid reversals.

💬 Comment “🔻” if you are watching this PIVX dump and follow for daily sharp market breakdowns and strategic setups.

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