$PIVX
/USDT Technical Analysis:
1. Current Price: $0.3476 (-0.14% in the last 24 hours).
2. Moving Averages:
EMA(7): $0.3464 (current price slightly above EMA-7, indicating mild bullish momentum in the short term).
EMA(25): $0.3410 (acting as a short-term support zone).
EMA(99): $0.3186 (long-term support suggesting an overall uptrend remains intact).
3. Recent Price Movement:
A sharp move up to $0.4920 was followed by a correction, forming a local low around $0.3061.
The price is consolidating above EMA levels, indicating potential accumulation.
4. Key Levels to Watch:
Resistance: $0.3538 (24-hour high) and $0.4920 (major high from the recent spike).
Support: $0.3410 (EMA-25) and $0.3061 (recent low).
5. Volume Insights:
Moderate 24-hour volume ($10.36M) shows steady participation but declining momentum from the recent spike.
6. Potential Trade Setup:
Entry: Consider a long position above $0.3500 if confirmed by volume and bullish candlestick patterns.
Stop Loss (SL): $0.3300 (below 24-hour low and EMA-25).
Take Profit (TP): $0.3700 (short-term resistance) and $0.4100 (key level before $0.4920).
7. Risk Management: Limit risk to 2% of capital per trade and monitor for a potential breakout above $0.3538 to re-test the $0.4920 zone.