Is it just me or is $PIEVERSE trying to pull a fast one on everyone who just went short?
We had that massive spike up to 0.4936 and then a quick flush down to 0.42. Usually, that’s where people panic, but look at the recovery. We are already back at 0.4707 and it’s printing higher lows on the 1h timeframe.
The volume is sitting at a solid 70M, which tells me there’s actual interest here and not just wash trading. If we can flip 0.4750 into support, we are likely going to clear that 0.50 level faster than people think.
I’m keeping an eye on the 0.44 area as the floor. If that holds, the trend is still very much alive. If it breaks, I’m out until we see where it stabilizes.
PIEVERSEUSDT
Prep
0.4591
-2.15%