PIXEL/USDT Breakout alert! Showing promising continue upward
đź’Ž Paradisers, #PIXEL is indeed showing promising movement worth keeping a close eye on.
đź’Ž Its successful breakout from the descending resistance followed by a retest indicates potential for continued upward momentum. Currently, PIXEL is poised to test the resistance of the accumulation phase around the 0.517 area.
💎 Breaking through this resistance level could trigger a bullish momentum, with only one more confirmation needed for a bullish trend reversal—breaking above the supply area at 0.597.
đź’Ž However, if PIXEL fails to break above the 0.517 resistance and experiences a rejection with a bearish candle, it may signal a retracement back towards the 0.45 area, or even a return to key support levels for another significant move.
đź’Ž Given PIXEL's tendency to bounce off support levels within the accumulation phase, revisiting this zone could potentially lead to a reversal and renewed attempts to break through the resistance.
đź’Ž It's important to watch for the bullish invalidation, particularly if PIXEL fails to sustain its position above the key support level. A breakdown below this level, confirmed by a daily candle close, could indicate further downside potential, possibly leading to new lows.
MyCryptoParadise
iFeel the success🌴
đź’Ž Its successful breakout from the descending resistance followed by a retest indicates potential for continued upward momentum. Currently, PIXEL is poised to test the resistance of the accumulation phase around the 0.517 area.
💎 Breaking through this resistance level could trigger a bullish momentum, with only one more confirmation needed for a bullish trend reversal—breaking above the supply area at 0.597.
đź’Ž However, if PIXEL fails to break above the 0.517 resistance and experiences a rejection with a bearish candle, it may signal a retracement back towards the 0.45 area, or even a return to key support levels for another significant move.
đź’Ž Given PIXEL's tendency to bounce off support levels within the accumulation phase, revisiting this zone could potentially lead to a reversal and renewed attempts to break through the resistance.
đź’Ž It's important to watch for the bullish invalidation, particularly if PIXEL fails to sustain its position above the key support level. A breakdown below this level, confirmed by a daily candle close, could indicate further downside potential, possibly leading to new lows.
MyCryptoParadise
iFeel the success🌴
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