$PIVX /USDT Technical Analysis!🔥💯
Current Price Action: PIVX/USDT is trading at $0.3232, showcasing an 11.26% gain in the last 24 hours. The price recently tested a key resistance near $0.3735, followed by a pullback to the current level, indicating potential consolidation.
Market Outlook:
1. Bullish Scenario: A break above $0.3400 could signal a continuation toward $0.3800, the recent high, with further potential to test $0.4000 in the coming sessions.
2. Bearish Scenario: Failure to hold above the immediate support at $0.3200 may lead to further downside, targeting $0.3000 as the next critical support level.
Trade Opportunities:
• Long Entry: Consider entering above $0.3400, targeting $0.3735 and $0.4000. Place a stop loss at $0.3200 to minimize risk.
• Short Entry: Look for a breakdown below $0.3200, with targets at $0.3000 and $0.2850, using a stop loss at $0.3300.
Next Move Prediction: Expect sideways movement between $0.3200 - $0.3400 before a breakout. Volume and momentum will dictate the trend direction.
Pro Tip: Secure partial profits near resistance levels and adjust stop losses accordingly to protect gains.
