$PIVX is at $0.0470 with 25% pump. This is a low-cap mover, and low-caps tend to reverse just as fast as they rally.
$PIVX
My short plan:
· Entry: $0.0465 – $0.0470
· Stop: $0.0490
· TP1: $0.0435 (+7% down)
· TP2: $0.0410 (+13% down)
· TP3: $0.0380 (+19% down)
What I see: The 4H chart is showing a bearish engulfing candle forming. This is a reversal signal. I'm selling.
If I'm wrong: If we break $0.0490, I'll chase long to $0.0520. But my bias is short.
$PIVX
My short plan:
· Entry: $0.0465 – $0.0470
· Stop: $0.0490
· TP1: $0.0435 (+7% down)
· TP2: $0.0410 (+13% down)
· TP3: $0.0380 (+19% down)
What I see: The 4H chart is showing a bearish engulfing candle forming. This is a reversal signal. I'm selling.
If I'm wrong: If we break $0.0490, I'll chase long to $0.0520. But my bias is short.