$PIEVERSE : Weekly support has held firm, with a short-term breakout on increased volume. A potential second rally is worth watching!
After retesting key weekly support, the price underwent a strong correction. The daily chart is now gradually recovering, while the 4-hour chart has broken out on increased volume, showing a clear strengthening of short-term bullish momentum.
The technical pattern suggests a potential new rally, making this worth close attention.
Key levels:
* Current price reference: 1.16
* First support: 1.13–1.15
* Second support: 1.08–1.10
* Strong support: 1.02–1.05
* First resistance: 1.20–1.22
* Breakout target: 1.28–1.30
Trading approach:
Consider entering with a small position. Ideally, wait for the price to retest 1.13–1.15 and stabilize, or follow after a decisive breakout above 1.20 on increased volume.
Exercise caution if the price falls below 1.08, and manage risk carefully.
Personal view: Weekly support, daily-chart recovery, and increased volume on the 4-hour chart are beginning to align across all three timeframes. This is worth monitoring, but avoid blindly chasing the price higher.
After retesting key weekly support, the price underwent a strong correction. The daily chart is now gradually recovering, while the 4-hour chart has broken out on increased volume, showing a clear strengthening of short-term bullish momentum.
The technical pattern suggests a potential new rally, making this worth close attention.
Key levels:
* Current price reference: 1.16
* First support: 1.13–1.15
* Second support: 1.08–1.10
* Strong support: 1.02–1.05
* First resistance: 1.20–1.22
* Breakout target: 1.28–1.30
Trading approach:
Consider entering with a small position. Ideally, wait for the price to retest 1.13–1.15 and stabilize, or follow after a decisive breakout above 1.20 on increased volume.
Exercise caution if the price falls below 1.08, and manage risk carefully.
Personal view: Weekly support, daily-chart recovery, and increased volume on the 4-hour chart are beginning to align across all three timeframes. This is worth monitoring, but avoid blindly chasing the price higher.
