$PIEVERSE IS UP 20% — CAN BUYERS PUSH IT ABOVE $1.85?
PIEVERSE ($PIE) is showing strong bullish momentum on the 15M chart. Price is currently trading around $1.791, up 20.49%, after a strong move from the $1.43 area.
What catches my attention is the recent breakout from consolidation around $1.59, followed by another strong push toward $1.85. Buyers are clearly active, but price is now facing resistance near the recent high of $1.850. I want to see whether buyers can maintain this momentum rather than chasing the move after such a sharp rally.
The market cap is around $554.45M, with approximately 348,873 holders. However, 24H trading volume isn't visible in the screenshot, so I won't assume volume confirmation.
My Trading Plan
I'm interested in a spot position, but I don't want to chase at current prices.
• First DCA: On a confirmed pullback that holds above the breakout structure.
• Key Support: $1.687.
• Major Support: $1.595.
• Breakout Confirmation: A strong 15M close above $1.850, supported by increasing volume.
• Upside Focus: A successful breakout could open the door for further upside.
• Invalidation: A sustained move below $1.687 would weaken the current bullish setup.
For now, I'm watching how PIEVERSE reacts around $1.85. A clean breakout could create another opportunity, while a healthy pullback may offer a better entry.
I'd rather enter with confirmation than chase a 20% move. Patience matters here.
PIEVERSE ($PIE) is showing strong bullish momentum on the 15M chart. Price is currently trading around $1.791, up 20.49%, after a strong move from the $1.43 area.
What catches my attention is the recent breakout from consolidation around $1.59, followed by another strong push toward $1.85. Buyers are clearly active, but price is now facing resistance near the recent high of $1.850. I want to see whether buyers can maintain this momentum rather than chasing the move after such a sharp rally.
The market cap is around $554.45M, with approximately 348,873 holders. However, 24H trading volume isn't visible in the screenshot, so I won't assume volume confirmation.
My Trading Plan
I'm interested in a spot position, but I don't want to chase at current prices.
• First DCA: On a confirmed pullback that holds above the breakout structure.
• Key Support: $1.687.
• Major Support: $1.595.
• Breakout Confirmation: A strong 15M close above $1.850, supported by increasing volume.
• Upside Focus: A successful breakout could open the door for further upside.
• Invalidation: A sustained move below $1.687 would weaken the current bullish setup.
For now, I'm watching how PIEVERSE reacts around $1.85. A clean breakout could create another opportunity, while a healthy pullback may offer a better entry.
I'd rather enter with confirmation than chase a 20% move. Patience matters here.
