Relief bounce into supply… still looks like a sell-the-rally setup.
$PIEVERSE /USDT (Perp) – SHORT
Trade Plan
Entry: $0.98 – $1.15
SL: $1.28
TP1: $0.88
TP2: $0.80
TP3: $0.72
Why This Setup?
4H Structure: After rejection near $1.25, price shifted into a lower high formation. Current move looks like a bounce, not a trend reversal.
Price Positioning: Trading below major resistance ($1.25) → price is in a supply zone where sellers previously stepped in aggressively.
MA Context: Likely trading below or around short-term MAs without strong bullish reclaim → no confirmed momentum shift yet.
RSI Behavior: RSI recovering from oversold but still not in strong bullish territory → typical relief bounce behavior.
Volume Insight: Bounce lacks explosive volume compared to prior rejection → suggests weak buyer conviction.
Daily Context: Structure still leaning bearish after rejection from psychological level. Unless $1.25 breaks, rallies are likely to be sold into.
As long as price stays below $1.25, downside toward $0.80 support remains the higher probability path.
Debate:
Is this just a temporary bounce before continuation toward $0.80…
Or will buyers reclaim $1.25 and flip the structure bullish again?
Trade $PIEVERSE here 👇
