PIVX/BTC Trade Signal

PIVX/BTC

PIVX ON THE 4HR: https://www.tradingview.com/x/xdbucnaL/
PIVX ON THE DAILY: https://www.tradingview.com/x/SUVzWbvn/

Similar to ZEN, PIVX has been quietly up trending as the rest of the market is indecisive. Also both privacy coins, coincidence? Doubt it.

I’m not here to tell you what kind of trader you are, so you can play this whatever way speaks to you the most.

Personally I entered this trade at 48K sats a few weeks ago and have no stop loss considering how undervalued the coin already is and the strong fundamentals behind it. (I usually do set stop losses once I'm +25% profits to not allow a winning trade to be turned in to a loss).

Enter:
54K-55K sats

Profit Objectives:
Option 1) Sell 100% of your position at 90.6K sats (+66% profit)
Option 2) Sell 50% of your position each time value doubles (50% at 110K, 50% at 220K, etc.)

Option 2 obviously is a longer term approach, but since PIVX has a long life ahead of it, you could expect many doubles down the line. If PIVX reaches just a 1.7B market cap, you could expect 3 doubles. It’s already reached 800M once and the platform is hardly known yet.

Optional Stop-Loss:
-10% (48.6K)

Be patient, wait for your fill on cloud support and bottom of the trend channel. RSI is showing nearly overbought on the 4hr so it would make sense for it to pullback to the entry level suggested. Never chase the green candles
Crd-Crypto Signals
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