$PIXEL Just Faced a Long Liquidation: $7.62K Crushed at $0.05254
The market just punished overleveraged bulls with a sharp rejection at $0.05254, liquidating long positions worth $7,623.70. This signals a potential shift in momentum—traders need to stay alert.
Technical Breakdown & Trade Setup:
Buy Zone:
Watch the range between $0.05020 to $0.05130 for potential bounce entries. This area is supported by recent demand clusters and liquidity gaps left by panic sellers.
Target Zones:
First Target (Short-term): $0.05400
Second Target (Mid-term): $0.05670
Third Target (High-risk reward): $0.05920
Stop Loss:
Set tight risk control at $0.04940. A breakdown below this could trigger another wave of liquidations and invalidate the current setup.
Strategy Insight:
This liquidation event may mark a near-term bottom for $PIXEL . Smart money often uses such shakeouts to build positions before a price reversal. Look for confirmation in volume recovery and price holding above the buy zone.
Stay sharp. $PIXEL just got volatile, and opportunity lives in the chaos.