🚨 URGENT $PIEVERSE Is Reaching a Critical Reversal Zone!👇
Go down 👇$PIEVERSE
The price action shows a strong recovery after a recent dip, currently testing local resistance. With the RSI hovering in neutral-bullish territory and volume stabilizing, we are looking for a breakout or a rejection at these levels.📈
Direction: Short (Scalp/Day Trade)
Note: Current price is rejecting the recent high; looking for a move back toward the EMA support.🎯
Entry Range: $0.6350 - $0.6450
Leverage: Isolated 5x - 10x (Manage your risk)🛑
Target Levels🛑
Take Profit 1: $0.6240 (Support Level)
Take Profit 2: $0.6100
Take Profit 3: $0.5950
Take Profit 4: $0.5700 (Major Support)
Stop Loss
Stop Loss: $0.6650 (Above the recent candle wicks)💰
Technical Analysis Observations
Resistance: There is visible selling pressure near the $0.6400 zone, as evidenced by the long upper wicks on the recent 4H/1H candles.
Support: The blue horizontal line at $0.6245 acts as immediate support. A break below this could lead to a faster decline.
RSI: Currently at 56.89, indicating there is room for movement in either direction, but the momentum is slightly slowing down after the pump.
Strategy: This is a high-volatility setup. Ensure you trail your stop loss into profit once Target 1 is hit.