This chart for $PIVX /USDT on the 4-hour timeframe shows the price currently consolidating at $0.3568 after a period of sharp upward spikes and subsequent pullbacks. The price has tested resistance around $0.45 multiple times, indicating strong sellers at that level, while support near $0.32-$0.33 has held steady.

Analysis for Long Entry:

Entry: Wait for a breakout above $0.37 with good volume.

Stop Loss: Place the stop loss below recent support at $0.34.

Target: The first target would be $0.40, and if momentum sustains, aim for the next resistance at $0.45.

Analysis for Short Entry:

Entry: If the price gets rejected near $0.37-$0.38 and reverses downward.

Stop Loss: Place the stop loss above resistance at $0.39.

Target: Look for the first target at $0.34, with a further drop potentially towards $0.32.

Conclusion: The market is currently in a tight range. Breakouts will signal potential long positions, while failed rallies near resistance offer short opportunities. Always wait for confirmation before entering trades and manage risk with a proper stop loss.

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