$PIXEL /USDT BEARISH PRESSURE CONTINUES – WEAK MOMENTUM SIGNALS FURTHER DOWNSIDE ⚠️
The chart shows that PIXEL is currently facing rejection near the 0.0080 resistance zone and is now trading around 0.00657, indicating short-term bearish pressure. The recent drop of nearly -3% combined with declining volume suggests weakening buyer strength. Additionally, the broader trend remains fragile as the pair has already lost significant value over the past week (-22%), hinting that sellers are still in control unless a strong reversal occurs.
Trade Setup:
🔴 Short Entry: 0.00660 – 0.00680
🎯 Targets:
TP1: 0.00630
TP2: 0.00600
TP3: 0.00570
🛑 Stop Loss: 0.00720
🟢 Alternative Long (Only on Breakout):
Entry: Above 0.00720 (confirmed breakout)
Targets: 0.00760 – 0.00800
SL: 0.00680
Market Outlook:
PIXEL remains in a short-term downtrend, and unless buyers reclaim the 0.00720–0.00750 zone, the market is likely to continue consolidating or moving lower. Traders should stay cautious and wait for confirmation before entering long positions, as overall sentiment still leans bearish.
#PIXEL #CryptoTrading #TechnicalAnalysis #Binance #altcoins $PIXEL
