$PIEVERSE — Is a Bigger Correction Coming?
After an impressive 52% rally, I'm focusing more on risk management than chasing the pump.
Price is now testing the $2.20–$2.27 resistance zone with heavy trading volume. But high volume doesn't automatically mean buyers are winning. The real confirmation will be a clean breakout followed by a successful hold above resistance.
Here's What I'm Watching:
Rising Open Interest = More leveraged positions entering.
Positive Funding Rate = Longs are paying shorts.
Weak price action at resistance could put late buyers under pressure.
My Bearish Scenario:
If $PIEVERSE gets rejected at resistance and loses $2.10, a deeper correction could follow.
Downside Targets:
$1.95
$1.75
$1.55
What Would Change My Mind?
A strong breakout above $2.27, followed by a successful retest as support, would invalidate my bearish outlook.
Don't chase the pump. Watch the levels and manage your risk!
#PIEVERSE Crypto #Trading Altcoins BinanceSquare
After an impressive 52% rally, I'm focusing more on risk management than chasing the pump.
Price is now testing the $2.20–$2.27 resistance zone with heavy trading volume. But high volume doesn't automatically mean buyers are winning. The real confirmation will be a clean breakout followed by a successful hold above resistance.
Here's What I'm Watching:
Rising Open Interest = More leveraged positions entering.
Positive Funding Rate = Longs are paying shorts.
Weak price action at resistance could put late buyers under pressure.
My Bearish Scenario:
If $PIEVERSE gets rejected at resistance and loses $2.10, a deeper correction could follow.
Downside Targets:
$1.95
$1.75
$1.55
What Would Change My Mind?
A strong breakout above $2.27, followed by a successful retest as support, would invalidate my bearish outlook.
Don't chase the pump. Watch the levels and manage your risk!
#PIEVERSE Crypto #Trading Altcoins BinanceSquare
