💎 $PIEVERSE : The Range Scalp Setup is Primed! 💎
After an aggressive spike toward the 0.52 resistance, $PIEVERSE has cooled off and is currently finding its footing in the 0.49 – 0.50 consolidation zone. While the immediate momentum has slowed, the technical structure suggests a "Range-Based Reaction" is brewing right above a critical support floor. 📊
🔍 Why This Matters?
Controlled Pressure: Despite the pullback, selling volume is decreasing—indicating stabilization rather than a breakdown.
Key Pivot: The 0.490 – 0.485 area is the line in the sand. If buyers hold this level, we are looking at a rapid mean-reversion bounce back to the highs.
Risk/Reward: The setup offers a very tight invalidation, making it an ideal high-leverage scalp.
📉 Strategic Scalp Plan:
Position: LONG 🟢
Entry Zone: 0.490 – 0.498
Stop Loss (SL): 0.482 🛑 (Clear invalidation on a 15m close below)
Leverage: 20x – 40x (Use with caution!)
Margin: 2% – 5%
🎯 Profit Targets (TP):
TP1: 0.505 (Initial Resistance - Secure partials here!)
TP2: 0.515 (Range Top)
✍️ Pro-Trader Tip:
Don't chase green candles. Wait for the price to settle into the entry zone. Once TP1 is hit, move your Stop Loss to entry to ensure a "risk-free" ride to the final target. 🛡️
Author: Nabiha Noor
Support the Signal: Like & Follow for the next high-conviction trade! 👍
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