$PIVX
USDT BEARISH PRESSURE BUILDING – SELLERS STILL IN CONTROL
The $PIVXUSDT chart is showing clear signs of weakness after its sharp spike towards $0.2100. Price has now retraced heavily, trading at $0.1352, indicating that sellers remain dominant.
🔑 Key Levels:
Support: $0.1325 (if broken, may extend losses towards $0.1200)
Resistance: $0.1500 (strong supply zone restricting upside momentum)
Current Price: $0.1352
📉 Trade Setup (SHORT):
Entry Zone: $0.1350 – $0.1380
Targets (TP):
TP1: $0.1300
TP2: $0.1250
Stop Loss (SL): $0.1450
📊 Market Outlook:
Momentum remains bearish with lower highs forming after each failed bounce. Unless price reclaims above $0.1500 convincingly, short positions remain favourable as selling volume sustains the downtrend.
⚠️ Risk Management:
Never risk more than 1-2% of your capital per trade. Strictly place SL to protect from sudden spikes against the trend.
💡 Comment “🟥” if you’re trading this short setup today!
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