$PIXEL already gave the first warning when it failed to recover after the previous rejection, and now price is still trading under pressure. The structure remains weak because every small bounce is getting sold, which clearly shows that buyers are not strong enough to take back control. The area around 0.01090 to 0.01180 is still a clean entry zone for a short position, while 0.01240 should remain the stop loss in case momentum suddenly shifts.

For downside targets, I’m watching 0.00920 first, then 0.00750, and if selling pressure continues, 0.00600 is possible. As long as $PIXEL stays below 0.01180, the bearish setup remains active and this move can extend lower without much difficulty. A strong close above 0.01240 would invalidate the setup completely.