🚨 $PIEVERSE heading towards 2$ Breakout zone or another market manipulation?
On the daily chart topped out near 2.04 in September, then sold off for about six weeks. Through October price made lower highs and slid into a tight range just above 1.00, where the early November candles wicked down toward the mid 0.90s and were bought back quickly. That rejection of lower prices is what started the current recovery. Since then price has climbed roughly 50% off the low and is trading at 1.4798, with a 24h range of 1.3728 to 1.5257 and about 10.95M USDT in volume.
The move has broken the October down trend line, which is a real structural change, but it is not yet a confirmed reversal. Price has not taken out a major lower high, and the 2.04 September high is still a long way above. The setup I'm watching is a breakout retest. After a strong run, price often pulls back to the area it broke out from, and a hold at 1.30 to 1.48 would show buyers defending that zone. If it holds, 2.0417 is the first major target since it is the actual swing high, while 1.80 is only a round number with little structure behind it.
The invalidation is a daily close below 1.0224, under the base low. If price loses 1.30 on a daily close instead, the breakout was likely a bounce inside the range.
🛑 Attention: keep an eye on $AIN & $AKE both seems to be recovering very well.
#pieverseusdt #AINUSDT #AKEUSDT
On the daily chart topped out near 2.04 in September, then sold off for about six weeks. Through October price made lower highs and slid into a tight range just above 1.00, where the early November candles wicked down toward the mid 0.90s and were bought back quickly. That rejection of lower prices is what started the current recovery. Since then price has climbed roughly 50% off the low and is trading at 1.4798, with a 24h range of 1.3728 to 1.5257 and about 10.95M USDT in volume.
The move has broken the October down trend line, which is a real structural change, but it is not yet a confirmed reversal. Price has not taken out a major lower high, and the 2.04 September high is still a long way above. The setup I'm watching is a breakout retest. After a strong run, price often pulls back to the area it broke out from, and a hold at 1.30 to 1.48 would show buyers defending that zone. If it holds, 2.0417 is the first major target since it is the actual swing high, while 1.80 is only a round number with little structure behind it.
The invalidation is a daily close below 1.0224, under the base low. If price loses 1.30 on a daily close instead, the breakout was likely a bounce inside the range.
🛑 Attention: keep an eye on $AIN & $AKE both seems to be recovering very well.
#pieverseusdt #AINUSDT #AKEUSDT
