$PIVX /USDT - Bearish Sentiment Prevails
Current Price: $0.3419 (-10.07%)
24H High: $0.3827
24H Low: $0.3366
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Key Levels to Monitor:
Immediate Support: $0.3360
Immediate Resistance: $0.3520
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Market Overview:
$PIVX is witnessing a consistent downward trend, breaking below crucial support levels. The decline is accompanied by low volume, indicating a lack of buying pressure. The MACD histogram signals bearish momentum, suggesting further downside risk if support levels fail.
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Trading Strategy:
For Short Positions:
Entry Zone: $0.3450 - $0.3500
Target 1: $0.3360
Target 2: $0.3200
Stop Loss: $0.3540
For Long Positions (High Risk):
Entry Zone: $0.3360 - $0.3400
Target 1: $0.3520
Target 2: $0.3700
Stop Loss: $0.3280
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Observation:
The bearish trend may persist unless $PIVX rebounds from the $0.3360 support. Watch for a reversal signal near this zone or increased volume to validate a potential recovery.
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