🚨📉 $PIEVERSE REJECTION CONFIRMED: Massive Dump After Peak Failure [SHORT] ⬇️
The PIEVERSE chart is flashing a huge warning sign! After spiking to 0.4950, the price has been slammed back down, breaking key short-term support. Sellers are in control.
What the Chart is Telling Us:
The Spike & Dump: The aggressive move up was immediately reversed, leaving a massive wick/rejection candle. This indicates a large volume of selling pressure at the top.
Support Breakdown: The price is now trading BELOW the EMA(7) (0.3918) and EMA(25) (0.3902). These are now acting as strong overhead resistance.
MACD Crossover: The MACD is negative (-0.0078) and has crossed sharply down below the signal line, confirming a decisive shift to strong bearish momentum.
Key Support: The only thing holding it up is the EMA(99) at 0.3725.
My No-Bullshit Trading Thesis (SHORT Bias):
Entry Zone: Entry is valid here, capitalizing on the rejection and the price trading below the short-term EMAs.
Critical Stop: Place your stop loss just above the EMA(25) at 0.3950. A close above this level invalidates the short and suggests a quick recovery.
Targets: The first major target is a break of the EMA(99) at 0.3725. A move below this opens the door to the next major support cluster near 0.3480 and the swing low at 0.3179.
⚠️ The rejection candle speaks volumes. PIEVERSE is a high-conviction SHORT trade if the EMA(99) fails.
Will the 0.37 support hold, or is PIEVERSE heading back to 0.30? Tell me below! 👇
