Now every single character can perform this, but there are many characters who can benefit the most from it. The characters that benefit the most from it are the following types, and they can be combined: Long Reach Smashes, Quick F-Smash, Low Traction and High Speed. So which characters are the best at using this type of technique? Well, here's the top 10 characters who can perform it, in order of the benefits:
Marth is every single one of these combined; he has low traction, a quick F-Smash, a long reaching F-Smash and a pretty decent speed. Using the Pivot F-Smash is like using a Wavedash > F-Smash from Melee, it has that sort of feel. It can be used during a retreat or going behind the opponent.
Lucina is again, everything combined, but since she doesn't have the tipper, she has less benefits of this than Marth. It can be used during a retreat or going behind the opponent.
Mewtwo's attributes are everything combined, and are even like Marth and Lucina, albeit with a bit less range. His low traction and extremely high speed allow him to space opponents quite well. It can be used during a retreat or going behind an opponent.
While Luigi is slower than the two aforementioned characters, but he has a quick F-Smash and very low traction, allowing him to easily utilize this to the biggest benefit; also, his F-Smash is pretty powerful. Due to his low mobility, it's best to use this during a retreat.
Falco is slow as well, but he surprisingly has somewhat low traction and a longer-reaching F-Smash. It's best, however, to make sure that Falco is always retreating from the opponent.
Shulk can use it normally and with Speed Monado, and thanks to his long reach with his F-Smash and his somewhat low traction and decent mobility, he's able to use this effectively. What makes this far better is when Speed or Smash Monado are used, where Shulk's movement allows him to move behind an opponent instead of needing to retreat, or he can use it to quickly kill the opponent.
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The Pits have pretty low traction, a fast F-Smash, a long reach and great mobility; what's better than that? This is best used with retreating than going behind the opponent, however, since the Pits don't have that fast of a mobility.
Link doesn't have the best of mobility, but his F-Smash comes out somewhat fast and has a very long reach. Depending on the distance of Link and the opponent, Link can use his first hit or his second hit, depending on if he can tipper the first hit. This can only be used with a retreat, as Link would never be able to get through opponents with his low mobility.
A slow forward smash, but very long reach accompanied by a fast speed, he definitely benefits from using this technique and mind-game. Since he can have his speed on him, he can retreat or go past the opponent to use this.