$PIVX
/USDT Recovery Momentum Continue š„ šÆ š
Overview:
Current Price: 0.3357 USDT (-0.21%)
24h Range: 0.3235 - 0.3490 USDT
Volume: 3.04M PIVX (1.02M USDT)
Trend: Slightly bearish short-term, but price is hovering near support.
Key Levels:
Support: 0.3235 (Immediate support), 0.3100 (Stronger support).
Resistance: 0.3490 (Immediate resistance), 0.3600 (Key resistance).
Trade Strategy:
1. Entry:
Buy near 0.3235 if the price holds support, expecting a bounce.
Alternatively, Buy on a confirmed break above 0.3490 for potential bullish momentum.
2. Targets šÆ:
šÆ Target 1: 0.3400 (Short-term resistance area, consider partial profit-taking).
šÆ Target 2: 0.3490 (Next immediate resistance, potential full exit if momentum fades).
šÆ Target 3: 0.3600 (If bullish continuation is confirmed).
3. Stop-Loss:
Below 0.3100 to protect against further downside.
Momentum Check:
RSI: Currently around 40, showing neutral-to-bearish pressure. Look for a reversal above 50 to shift momentum.
MACD: No clear crossover yet, but could turn bullish if the price breaks resistance.
Volume: Relatively low, indicating consolidation or a potential breakout in either direction.
Tip:
Consider buying near 0.3235 for a bounce, but be prepared for a potential move towards 0.3100 if support fails. A break above 0.3490 could signal a stronger bullish trend. Keep your stop tight below 0.3100 to manage risk effectively.
#BIOOnBinance #BinanceAlphaAlert #USJoblessClaimsDrop #USStateBuysBTC #XRPBackInTop3