Price is showing a clear rejection after a strong impulsive move to the upside, followed by a sharp breakdown below local structure. Momentum has shifted bearish, with sellers stepping in aggressively after the spike, suggesting a continuation move to the downside rather than immediate recovery.
Trading Plan SHORT: $PIEVERSE USDT
Entry: 1.05 – 1.15
Stop-Loss: 1.28
Targets:
TP1: 0.98
TP2: 0.92
TP3: 0.86
From a market structure perspective, this looks like a classic blow-off top followed by distribution and breakdown. The sharp rejection from the highs indicates exhaustion of buyers, while the current price action shows weak bounces and continuation selling pressure. Momentum has clearly shifted from expansion to downside continuation, with lower highs forming on smaller timeframes. Sellers are currently in control, defending previous support turned resistance, which strengthens the probability of further downside toward liquidity zones below. As long as price remains below the 1.20–1.28 resistance region, the bearish bias remains intact.
Click and Trade $PIEVERSE here 👇
Trading Plan SHORT: $PIEVERSE USDT
Entry: 1.05 – 1.15
Stop-Loss: 1.28
Targets:
TP1: 0.98
TP2: 0.92
TP3: 0.86
From a market structure perspective, this looks like a classic blow-off top followed by distribution and breakdown. The sharp rejection from the highs indicates exhaustion of buyers, while the current price action shows weak bounces and continuation selling pressure. Momentum has clearly shifted from expansion to downside continuation, with lower highs forming on smaller timeframes. Sellers are currently in control, defending previous support turned resistance, which strengthens the probability of further downside toward liquidity zones below. As long as price remains below the 1.20–1.28 resistance region, the bearish bias remains intact.
Click and Trade $PIEVERSE here 👇