🚨 $PIEVERSE : After a 52% rally, I’m paying more attention to risk than chasing upside.
Price is testing the $2.20–$2.27 resistance zone on heavy volume.
But volume alone doesn’t prove buyers are in control. What matters is whether price can break through and hold above it.
Rising open interest signals more leveraged positions entering the market, while positive funding means longs are paying shorts.
Neither automatically signals a reversal. But if price stops advancing, late longs could become a source of selling pressure as they unwind.
My base case is a rejection at resistance. A subsequent break below $2.10 would strengthen the case for a deeper correction, with $1.95 → $1.75 → $1.55 as the levels I’m watching.
If price breaks above $2.27 and successfully retests it as support, I’ll reassess my bearish thesis.
Price is testing the $2.20–$2.27 resistance zone on heavy volume.
But volume alone doesn’t prove buyers are in control. What matters is whether price can break through and hold above it.
Rising open interest signals more leveraged positions entering the market, while positive funding means longs are paying shorts.
Neither automatically signals a reversal. But if price stops advancing, late longs could become a source of selling pressure as they unwind.
My base case is a rejection at resistance. A subsequent break below $2.10 would strengthen the case for a deeper correction, with $1.95 → $1.75 → $1.55 as the levels I’m watching.
If price breaks above $2.27 and successfully retests it as support, I’ll reassess my bearish thesis.
