$PIVX SHORT SETUP WITH A TIGHT RISK REWARD RATIO 🎯
Entry: $0.0402 - $0.0410 🔥
Target: $0.0390 🚀
Stop Loss: $0.0438 ⚠️
Shorting into this supply zone makes sense. The range between $0.0402 and $0.0410 has rejected bids twice in the last 48 hours and volume is falling off as price struggles to hold. If we lose $0.0390 fast, the path to $0.0360 opens up.
Momentum on the 1H is rolling over and the RSI is sitting at 58 with no conviction to push higher. The reward here is 1:2.5 if you take partials at each target. Are you shorting this or waiting for $0.042 to fail first?
Not financial advice. Always manage your risk.
#PIVX #ShortSetup #Crypto
🎯
Entry: $0.0402 - $0.0410 🔥
Target: $0.0390 🚀
Stop Loss: $0.0438 ⚠️
Shorting into this supply zone makes sense. The range between $0.0402 and $0.0410 has rejected bids twice in the last 48 hours and volume is falling off as price struggles to hold. If we lose $0.0390 fast, the path to $0.0360 opens up.
Momentum on the 1H is rolling over and the RSI is sitting at 58 with no conviction to push higher. The reward here is 1:2.5 if you take partials at each target. Are you shorting this or waiting for $0.042 to fail first?
Not financial advice. Always manage your risk.
#PIVX #ShortSetup #Crypto
🎯