$PIVX /USDT – Downtrend Signal for Short Trade Idea
Current Price: $0.1603
Today’s Change: +2.69%
Volume: 4.40 Million PIVX
Category: DeFi
Why Consider Shorting PIVX?
PIVX failed to hold above $0.167 and is now making lower highs and lower lows on the 15-minute chart. The price is weakening, and buyers are losing strength. If it breaks below $0.1585, more downside may follow.
Key Price Levels to Watch
Resistance (Price may stop rising): $0.1635 and $0.1670
Support (Price may fall to): $0.1585 and $0.1550
Trade Plan (Short Setup)
Sell Between: $0.1600 – $0.1615
Stop Loss: Above $0.1640
Target 1: $0.1585
Target 2: $0.1550
Target 3: $0.1520
Summary
PIVX is starting to drop after failing to hold gains. The current structure shows bearish signs with sellers in control. A break below $0.1585 may confirm the next leg down. This is a short-term short opportunity for both spot and futures traders. Watch for volume on the breakdown.