🔻 32.4x Unusual Selling Volume on $PIVX , what just happened?

- Given the extreme volume spike and sharp selloff, this is much more likely to be distribution by smart money or a cascade of stops triggering downside liquidity grabs.
- I expect price to remain under pressure, with further downside likely unless there is a sudden, strong reversal candle on high volume.
- The most probable move is a bounce attempt towards 0.0429–0.0434 (FVG), possibly up to 0.0456, followed by renewed selling and a drop to 0.0416, then possibly 0.0396.
- For now, short entries on weak bounces/rejections at resistance zones are the most favorable setup. Do not short blindly; wait for clear rejection / reversal signals such as bearish engulfing or pin bar formations, or failed attempts to reclaim 0.0434.
- If entering short on a retest and rejection of 0.0429–0.0434, aim for 0.0416 and 0.0396 as targets, with a stop above the swing high formed on the pullback.
- Only change bias if price reclaims and closes above 0.0456–0.0463 on strong volume, indicating a possible short squeeze or trap.
- This is not investment advice, only an educational report. Please use your own judgment and manage risk carefully!