$PIVX
🚨 3.5x Unusual Selling Volume on $PIVX , what just happened?
- With the massive 3.5x volume spike and strong -3.5% price dump, this looks like a liquidity event — likely a mix of panic selling and possible smart money accumulation below the most recent low. I expect one of two scenarios:
- If price sweeps below 0.0413 and instantly reclaims it with a bullish reversal candle and increased buy volume, a scalp LONG setup opens up. Entry would be on the first bullish confirmation after the sweep, targeting 0.0444 (FVG) for the first take profit, and 0.0457 as a stretch target. Stop should be placed just below the swing low (below the wick of the liquidity sweep).
- If price cleanly breaks and holds below 0.0413, look for a SHORT entry on the retest of 0.0413 as resistance. Target 0.0396 as the main take profit, with 0.0375 as an extreme target if selling intensifies. Stop should be above the most recent lower high formed after the breakdown.
- Confirmation for both setups is critical: wait for a clear reversal pattern (engulfing, pin bar, or trend shift on lower timeframes) for longs, or a convincing retest and rejection for shorts.
- If price quickly reclaims 0.0413 after a sweep, it signals a possible fakeout and smart money reversal. If it stays below and consolidates, expect further downside.
📝 This is not investment advice, just an educational analysis. Please thoroughly confirm with your own strategies, and always manage risk carefully!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#PIVX
🚨 3.5x Unusual Selling Volume on $PIVX , what just happened?
- With the massive 3.5x volume spike and strong -3.5% price dump, this looks like a liquidity event — likely a mix of panic selling and possible smart money accumulation below the most recent low. I expect one of two scenarios:
- If price sweeps below 0.0413 and instantly reclaims it with a bullish reversal candle and increased buy volume, a scalp LONG setup opens up. Entry would be on the first bullish confirmation after the sweep, targeting 0.0444 (FVG) for the first take profit, and 0.0457 as a stretch target. Stop should be placed just below the swing low (below the wick of the liquidity sweep).
- If price cleanly breaks and holds below 0.0413, look for a SHORT entry on the retest of 0.0413 as resistance. Target 0.0396 as the main take profit, with 0.0375 as an extreme target if selling intensifies. Stop should be above the most recent lower high formed after the breakdown.
- Confirmation for both setups is critical: wait for a clear reversal pattern (engulfing, pin bar, or trend shift on lower timeframes) for longs, or a convincing retest and rejection for shorts.
- If price quickly reclaims 0.0413 after a sweep, it signals a possible fakeout and smart money reversal. If it stays below and consolidates, expect further downside.
📝 This is not investment advice, just an educational analysis. Please thoroughly confirm with your own strategies, and always manage risk carefully!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#PIVX