$PIVX has been consolidating recently, forming a symmetrical triangle pattern on the chart. This pattern often precedes a strong breakout in either direction.
Current Price: 0.3237
Trade Setup:
* Entry: Wait for a breakout above the resistance level of 0.3400 or a breakdown below the support level of 0.3000.
* Stop Loss: Set a stop loss below the opposite side of the breakout (below 0.3000 for an upward breakout, above 0.3400 for a downward breakout).
* Take Profit 1: 0.3600 (12% profit)
* Take Profit 2: 0.3800 (17% profit)
* Take Profit 3: 0.4000 (24% profit)
Caution:
* Traders should be cautious and monitor the market closely, as the breakout direction is uncertain at this point.
* Always use proper risk management techniques, such as setting stop-loss orders and taking profits in stages.
