Recently, I have been monitoring the trend of PIVVERSE. After a retracement from the high of 0.9406, the bearish characteristics have become increasingly evident. Looking at the arrangement of moving averages across various timeframes, they are all pointing downward. The MACD also shows a death cross signal, and the downward momentum has not shown any signs of weakening, indicating that selling pressure is still ongoing.

From the perspective of capital flow, the situation is even more interesting. The large investors' short positions are steadily increasing. During the high-price period, their active sell-offs were particularly prominent. In contrast, retail investors' ability to chase and absorb the price increases is clearly lagging behind. This imbalance often indicates that the market will continue to weaken. Based on this development, the decline is highly likely to persist. In the short term, focus should be on the support zone around 0.85. If this level is effectively broken, it suggests that the market may further test lower levels, targeting the key support at 0.80.

In the current market atmosphere, my idea is—rather than chasing the trend, it’s better to wait for a rebound to establish short positions, as the timing is often better. But the prerequisite is to strictly set stop-losses, because short-term, there may be a trap of false signals, and it’s easy to get stopped out if not careful. So, maintaining a calm mindset is essential.