๐ $PIXEL Market Update & Trade Setup
Iโm seeing $PIXEL showing early signs of a rebound after a prolonged downtrend. The price is currently around 0.00812, up ~2.9% in the last 24 hours.
Key Highlights:
Resistance: Recent spike reached 0.00902, which is now the first major resistance to watch.
Support: Price bounced from 0.00756. Holding above this is crucial to avoid deeper lows.
Trend Indicator (AVL): The yellow Average Line sits at 0.00809, providing immediate dynamic support. Price above this line keeps the short-term momentum cautiously bullish.
Trader Sentiment: Buyers slightly edge out sellers (52% vs 48%), with high volume ~958M PIXEL, showing strong market interest.
Trade Setup:
Entry Zone: 0.00805 โ 0.00812 (around AVL support)
Target Points:
TP1: 0.00860 (first resistance test)
TP2: 0.00900 (major resistance breakout zone)
Stop Loss: 0.00755 (below recent swing low)
Why This Works:
This setup works because the price has confirmed support at 0.00756 and is holding above the dynamic AVL line. Entering near the support gives a favorable risk/reward ratio, while resistance levels provide clear exit points. Strong volume and slightly bullish order book sentiment support a potential short-term recovery.
#USGDPUpdate #USCryptoStakingTaxReview #BTCVSGOLD #WriteToEarnUpgrade #USJobsData