The current price is 0.378 after a sharp correction from the peak of 1.02. The structure shows a pullback in a major uptrend, but in the short term, it is still bearish–consolidation. The price is below MA(7) and MA(25) → selling pressure is not completely over, but a base is starting to form.
Support & Resistance Area
Main Support: 0.36 – 0.35
Lower Support: 0.30 – 0.28
Nearest Resistance: 0.42 – 0.45
Strong Resistance: 0.52 – 0.55
📌 Trading Setup (Safer)
Entry (Buy on Support)
Buy area: 0.36 – 0.37
This area is near support and a minor bounce zone.
Take Profit
TP1: 0.42
TP2: 0.48
TP3: 0.55
Stop Loss
SL: 0.34
1H candle close below this level → potential drop to 0.30.
🔄 Movement Scenarios
Bullish: If the price breaks & closes 1H above 0.42, the chance for recovery to 0.48 – 0.55 opens up.
Bearish: If it fails to hold at 0.35, the correction could continue to 0.30 – 0.28.
Conclusion
PIEVERSE is still in a consolidation phase after a major correction. The best strategy is to buy on support, not chase prices. Secure profits at TP1 and move SL to BEP if the bounce goes as planned. Suitable for intraday to short swing with tight risk control.
$PIEVERSE
