This currency is at the beginning of an upward trend.$PIEVERSE | #PIEVERSE
Technical rebound from the bottom – short-term trading opportunity
Current price: 0.4207 USDT
After a strong drop from 0.5640 to the bottom 0.3373, the price started a clear rebound with a noticeable increase in trading volume. The current movement indicates an attempt to continue the rise as long as the price maintains nearby supports.
Technical analysis:
The price is trying to stabilize above the 0.40 area.
Breaking and stabilizing above MA25 supports the continuation of the rebound.
The overall trend is still corrective as long as the price is below MA99.
Supports:
Nearby support: 0.400 – 0.405
Strong support: 0.337
Resistances:
First resistance: 0.445
Second resistance: 0.470 – 0.480
Trading strategy:
Entry (Buy): from 0.400 – 0.410
First target: 0.445
Second target: 0.475
Stop loss: close below 0.385
Summary:
The trade is a short-term speculation relying on the price stabilizing above 0.40. Breaking 0.385 cancels the upward scenario.
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