PIEVERSE has been quite volatile these past two days. Recently, two strong bearish candles appeared consecutively, with 15-minute upward movements exceeding 3%, and real bodies accounting for 83.2% and 52.1% respectively. Trading volume has surged abnormally, which usually indicates either panic selling or large traders offloading. The entire market is currently in a high-volatility state, with an average fluctuation of 4.53%. Such conditions make sharp rises and falls very likely.

From a technical perspective, several key levels need close attention. The support level is around 0.69, which coincides with the low of the previous large bearish candle. If this level cannot hold, caution is advised. The resistance level is at 0.78, the recent rebound high. Interestingly, after a sharp decline, a strong bullish candle appeared, with a rise of 6.50%, indicating that funds are indeed bottom-fishing. However, subsequent candles have smaller bodies, and trading volume is shrinking, showing that the rebound strength is insufficient, and the market has entered a consolidation phase.

For short-term trading, a more aggressive approach could be to take a small position when the price retraces to the 0.69–0.70 zone. If signals like a lower shadow or other reversal signs appear, it could be an opportunity. The target is around 0.74–0.76, with a stop-loss placed below 0.68. A more conservative strategy is to wait until the price fails to break above 0.76 and shows signs of fatigue. Then, one could consider short positions in the 0.76–0.78 range, targeting down to 0.70, with a stop-loss above 0.81.

Currently, the price at 0.763 is right in the middle of this key zone. It’s best to stay on the sidelines for now, waiting for the price to make a clear choice at support or resistance levels before taking action. During high-volatility periods, proper position sizing and strict stop-losses are essential.