Mike On The Move(@MikeMike)'s insights

Post

--Bearish

$PIXEL — Short update

The $PIXEL short continues to deliver profit from the sell position opened earlier today. Price followed through nicely to the downside and the trade is still sitting in solid gains.

If you’re still holding the position, make sure to manage your risk and profits properly — secure gains where needed and adjust your stop-loss depending on your strategy.

Mike On The Move

Bearish

$PIXEL – Bounce pushing higher but momentum starting to stall around this area

Trading Plan Short $PIXEL
Entry: 0.0113 – 0.0119
SL: 0.0125
TP: 0.0107
TP: 0.0099
TP: 0.0091

The bounce managed to push price higher again but the advance is beginning to slow down around this zone. Buyers tried to extend the move, though the follow-through now looks weaker and the structure is turning more choppy. Instead of a clean continuation higher, price is starting to grind into resistance. Sellers appear to be gradually leaning back into the market, and when the upside begins to stall like this it often leads to another leg lower once buying pressure fades.

Trade $PIXEL here 👇

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

PIXEL-2.02%