š $PIXEL / USDT ā Momentum On Fire!
Current Price: $0.05663
24H Change: +13.39%
24H High / Low: $0.05664 / $0.04983
24H Volume: Approximately $42 million
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š Market Structure
$PIXEL is exhibiting a strong uptrend on the 1-hour chart, characterized by higher highs and higher lows. A recent bullish continuation breakout candle, accompanied by a volume spike, suggests sustained buying interest. The previous resistance at $0.0550 has now turned into support, reinforcing the bullish momentum.
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šÆ Trade Setup
Entry Zone: $0.0555 ā $0.0565
Take Profit Targets:
TP1: $0.0580
TP2: $0.0600
TP3: $0.0625
Stop Loss: $0.0535 (below recent support)
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ā ļø Pro Tip
Monitor for a potential retest around $0.0555, which could offer a safer entry point. Ensure volume remains elevated to confirm the strength of the breakout. Implement trailing stop-loss orders to protect profits as the price advances.
*Note: This analysis is based on current market data and is intended for informational purposes only. Always conduct your own research and consider your risk tolerance before making trading decisions.*