Setting up a sell order at $PIXEL
- Bearish trend after rejection 💯 🔥
Current price: $0.03382
Trend: Bearish rejection after local peak
Market context: Strong wick near $0.03465, followed by multiple red candles, indicating that sellers are controlling the market.
Setting up a short sell order
Entry zone: $0.03380 - $0.03410 (ideal in case of weak bounce)
Stop loss: Above $0.03440 (to avoid fake sell-offs)
Target 1 (TP1): $0.03320
Target 2 (TP2): $0.03260
Target 3 (TP3): $0.03200 (final target in case the trend continues)
Trading overview:
The PIXEL stock showed strong upward momentum but failed to hold above $0.03450. The latest red candles with lower highs indicate a potential decline. Any slight bounce towards $0.03400 may provide an easy entry for short sellers.
Professional tip: Watch price action near $0.03380 - $0.03400. Enter only if the bounce shows weakness (small candles or wicks).