🔻 $PIEVERSE : LOWER-HIGH FORMING! WATCHING THE $2.00 SUPPLY AGAIN
Our earlier $PIEVERSE short idea is playing out so far.
After the rally to $2.27, price corrected to the 0.5 Fib ($1.60), bounced, and was rejected near $1.91, just under the 0.7 Fib ($1.87). It is now trading around $1.80 and respecting the descending trendline from the top.
📊 WHY $2.00 MATTERS
The $1.95–$2.05 zone is the key supply area, where sellers defended before. If price pushes back into it, I'm watching for a rejection and a second chance at the short.
🎯 SHORT SETUP
Entry zone: $1.95–$2.00 (only on rejection)
Stop-loss: above $2.10
TP1: $1.60
TP2: $1.34
TP3: $1.11
The first target alone offers over 3R, with a lot of room beyond it.
⚠️ INVALIDATION
A decisive close above $2.10 would flip the structure bullish. In that case the idea is off, with no hope trades.
⚡ RISK NOTE
Only about 29% of the max supply is in circulation, so this is a low-float token. Moves can be sharp in both directions, so use tight risk and sensible leverage.
MY TAKE:
I'm not chasing the short at $1.80. The better risk-to-reward is at the supply zone, and I'll wait for price to come to me and confirm.
Patience pays more than prediction.
Will PIEVERSE reject $2.00 again, or break out? What is your plan?
Follow for more trade setups and chart analysis.
Not financial advice. Trade at your own risk and always use a stop-loss.
#PIEVERSE #Crypto #CryptoTrading #TechnicalAnalysis
Our earlier $PIEVERSE short idea is playing out so far.
After the rally to $2.27, price corrected to the 0.5 Fib ($1.60), bounced, and was rejected near $1.91, just under the 0.7 Fib ($1.87). It is now trading around $1.80 and respecting the descending trendline from the top.
📊 WHY $2.00 MATTERS
The $1.95–$2.05 zone is the key supply area, where sellers defended before. If price pushes back into it, I'm watching for a rejection and a second chance at the short.
🎯 SHORT SETUP
Entry zone: $1.95–$2.00 (only on rejection)
Stop-loss: above $2.10
TP1: $1.60
TP2: $1.34
TP3: $1.11
The first target alone offers over 3R, with a lot of room beyond it.
⚠️ INVALIDATION
A decisive close above $2.10 would flip the structure bullish. In that case the idea is off, with no hope trades.
⚡ RISK NOTE
Only about 29% of the max supply is in circulation, so this is a low-float token. Moves can be sharp in both directions, so use tight risk and sensible leverage.
MY TAKE:
I'm not chasing the short at $1.80. The better risk-to-reward is at the supply zone, and I'll wait for price to come to me and confirm.
Patience pays more than prediction.
Will PIEVERSE reject $2.00 again, or break out? What is your plan?
Follow for more trade setups and chart analysis.
Not financial advice. Trade at your own risk and always use a stop-loss.
#PIEVERSE #Crypto #CryptoTrading #TechnicalAnalysis
