$PIVX

### 1. **Trend**

- The price is moving in a **downtrend**, as evident from the lower highs and lower lows.

- **Moving Averages (MA):**

- MA(7) and EMA(7) are below the longer-term MAs (25, 99), confirming a short-term downtrend.

- The price is below most of the moving averages, indicating bearish momentum.

### 2. **RSI (Relative Strength Index)**

- Current RSI value: **51.55** (neutral zone).

- RSI suggests the market is not overbought or oversold, implying there could be a potential consolidation or reversal soon.

### 3. **MACD (Moving Average Convergence Divergence)**

- **MACD line (0.0005)** is slightly above the signal line (DIF -0.0021, DEA -0.0021), indicating weak bullish momentum.

- However, the histogram is showing weak strength, so the trend could reverse or lose momentum soon.

### 4. **Volume**

- Volume seems to be relatively low, with no significant spikes.

- Low volume typically indicates indecision or lack of strong movement, suggesting a cautious approach.

### 5. **Support and Resistance**

- **Support level:** Closest support is at **0.1874**, where the price has recently bounced.

- **Resistance levels:**

- Immediate resistance at **0.1948** (Bollinger Band Upper).

- Further resistance at **0.2046**, which was the recent high.

### 6. **Bollinger Bands**

- The price is close to the **mid-band**, indicating consolidation. The bands are also narrowing, suggesting a squeeze and possible breakout.

---

### **Trade Plan with 5 Take-Profits (TP) and Tight Stop-Loss (SL):**

1. **Buy Signal:**

- If the price breaks above **0.1948** with volume confirmation, it could signal a short-term bullish breakout.

2. **Stop-Loss (SL):**

- Set a tight SL just below the recent low, at **0.1870**. This minimizes losses in case of a false breakout.

3. **Take-Profit Levels (TPs):**

- **TP1:** **0.1948** (immediate resistance at the upper Bollinger Band).

- **TP2:** **0.1985** (next short-term resistance based on previous price action).

- **TP3:** **0.2046** (recent high).

- **TP4:** **0.2100** (psychological level and historical resistance).

- **TP5:** **0.2150** (further resistance, if momentum is strong).

---

### **Risk-Reward Consideration:**

- Ensure a **Risk:Reward ratio of at least 1:2** before entering the trade.

This is not financial advise conduct ur own research too

******. 1$ invest maximum loss risk .05-10$***

#followers #Everyone #BinanceSquareFamily #Dyor2024 #cpi