$PIVX
BEARISH TECHNICAL ANALYSIS – CORRECTION EXPECTED
$PIVX has shown a strong bullish push but is now approaching a major resistance zone where selling pressure is historically present. The rally appears overextended, increasing the probability of a corrective or pullback move as buyers lose momentum near supply levels.
Technical Outlook
Price is trading above its short and mid-term moving averages, indicating prior strength, but rejection from the upper resistance zone suggests exhaustion. If the price fails to sustain above the recent highs, a bearish correction toward key support levels is likely. A loss of immediate support would confirm bearish continuation.
Entry
Sell on rejection from the resistance zone or on a confirmed breakdown below short-term support.
Targets
TP1: 0.174
TP2: 0.162
TP3: 0.149
Stop Loss
Above 0.199
Key Levels
Resistance: 0.187 – 0.197
Support: 0.174 – 0.162 – 0.149
Risk Management
Risk only a small portion of capital per trade and wait for confirmation before entering. Avoid over-leverage and secure partial profits at each target.