PIVX hit targets. What's next?

PIVX Analysis.


10/12/20220 min read

This is a PIVX idea.

We opened our positions on PIVX around the $0.00001082 area, which was a solid support level and a great buy/long opportunity.

So far, we have made about 27% (270% with a 10x leverage) profit, and it's safer and more logical to close all positions now. Do not FOMO.

If you're a risk taker, you can wait for the solid resistance and close your positions, but don't forget to use the local resistance as your SL.

As you can see on the chart, this coin has reached 2 levels of resistance on the hourly and daily timeframes based on the Fibonacci retracement.

There is one support level on the way down, which will let us open more long positions when we get more confirmation. But for now, we should wait and see.

RSI is oversold, and the price has more room to go down.

Now let's see your ideas. Let's have a discussion.

Let me know if you guys have any questions;

I will be more than happy to help.

Good luck, and thank you.

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