$PIVX USDT – BEARISH REVERSAL AFTER SHARP SPIKE – SELLERS TAKING CONTROL
$PIVX showed an explosive move to $0.1990 but faced immediate rejection, leading to a strong bearish engulfing on the hourly chart. Price is now consolidating near $0.1406, hinting at further downside if support levels break.
🔻 Trade Setup (Short)
Entry: $0.1420 – $0.1450
Take Profit 1: $0.1320
Take Profit 2: $0.1260
Stop Loss: $0.1500
📊 Key Levels
Resistance: $0.1500 – $0.1600
Support: $0.1320 – $0.1250
Current Price: $0.1406
💡 Market Outlook:
Momentum has shifted from buyers to sellers after the failed breakout attempt. A break below $0.1320 could open the way to test deeper support near $0.1200. Watch for volume confirmation before entry.
⚠️ Risk Management:
Use strict stop loss and position sizing. Avoid over-leverage as volatility remains high after the sharp pump.
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