$PIVX
/USDT Technical Analysis:šÆš„
Current Price: $0.3117
24h Price Movement: -9.05%
Trend Analysis: The price has been experiencing a downward momentum, breaking below the recent support levels. The market sentiment is slightly bearish in the short term.
Resistance Levels:
Target 1: $0.3430 (Recent High) - A move to this level would test the upper boundary of the current range and establish resistance.
Target 2: $0.3450 (Market Depth Level) - Another key resistance point, marking a potential challenge in further upward momentum.
Target 3: $0.3500 - If upward momentum persists, this level will be an ideal target.
Support Levels:
Support: $0.3042 (24h Low) - If the price falls below this level, further bearish pressure is likely, indicating potential losses.
Trade Momentum:
Short-Term: The momentum shows signs of minor bearishness, given the current price action below key levels. However, buying could be considered if price holds above $0.3100.
Buy Signal: Look for buying opportunities near $0.3100 or if the price retraces to $0.3042 with confirmation of support.
Sell Signal: Consider selling/shorting near resistance zones like $0.3430 - $0.3500.
Strategy Summary:
Short-term Trend: Bearish, awaiting potential reversal points near key support.
Actionable Strategy:
Long Trades: Consider if the price consolidates above $0.3100 with a push towards $0.3430.
Short Trades: Exit trades or short around resistance at $0.3450, aiming to target $0.3042.
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