$PIEVERSE /USDT ā Strong Breakout, but Retracement Likely Before Continuation
PIEVERSE has printed a powerful breakout from the mid-range structure, reaching as high as 1.0221 before pulling back. Price is now hovering around 0.84, showing signs of exhaustion at resistance. A corrective move is likely before any bullish continuation.
šÆ Long Position Setup
ā¢ Entry Range:
0.6668 ā 0.7440
(Strong support + previous breakout zone; optimal area to catch the next leg up.)
ā¢ Targets:
TP1: 0.8672
TP2: 1.0221
TP3: 1.0677
TP4 (Max Target): 1.1500
ā¢ Stop Loss:
0.6014
š Short-Term Outlook
Price is currently extended and sitting below local resistance at 0.8672. This suggests a pullback is highly probable before bulls attempt a continuation.
A dip into the 0.6668 ā 0.7440 demand zone would create a favorable long setup with a strong risk-to-reward ratio.
Holding above 0.7440 keeps the bullish structure intact.
A reclaim of 0.8672 with volume could re-open a direct move back toward 1.0221 and higher.
š Key Notes
Trend remains strongly bullish on higher timeframes.
Volume remains elevated, supporting continuation after correction.
Losing 0.6014 invalidates the bullish setup and opens risk of deeper decline.
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