$PIVX

📊 PIVX/USDT Technical Analysis: Watching for a Breakout Opportunity! 🚀

The PIVX/USDT pair is currently trading at $0.3368, showing consolidation with potential for a strong move. Let’s analyze the key levels and what traders should watch for!

🔑 Key Levels to Watch:

Support: Immediate support is found at $0.32, which has held up the price during recent dips. If this level holds, it could signal a potential rebound.

Resistance: Strong resistance lies at $0.345, where selling pressure has previously appeared. A breakout above this level could push the price toward $0.35 and higher.

📈 Entry Strategy:

Long Position: A confirmed breakout above $0.345 could provide a solid entry point, targeting $0.35 or even $0.36 depending on momentum.

Short Position: If the price gets rejected at $0.345 and falls below $0.32, a short position could be considered, targeting the next support level at $0.30.

💡 Market Insight: PIVX/USDT has been in a range-bound consolidation, with key levels at $0.32 and $0.345. Watch for a breakout to the upside for a bullish continuation or a rejection for potential retracement.

Conclusion: The price action in the $0.32-$0.345 range is crucial. A breakout above $0.345 could trigger upward momentum, while a rejection might lead to a pullback. Stay focused on these levels and trade wisely! 🚀📊

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