๐$PIXEL /USDT โ Prepping for a Move or Cooling Off? ๐ง ๐
๐ธ Current Price: $0.04604
๐ธ 24h Change: +6.95%
๐ธ Timeframe Observed: 1H & 4H
๐ธ Trade Bias: โ ๏ธ Cautiously Neutral (Possible short-term correction)
๐ Chart Observations:๐
๐น 1H Timeframeโ
Strong impulsive rally from $0.043 area to $0.0484 followed by visible profit-booking.
$PIXEL Price is now consolidating slightly above the 20 EMA (green), showing a pause in upward momentum.
MACD histogram is fading, indicating bullish momentum slowdown.
RSI has dropped from overbought zone to 54.37, signaling cool-off.
๐น 4H Timeframeโ
PIXEL hit a resistance at $0.0484 and is pulling back gently.
20 EMA is being retested as support around $0.0458.
MACD is still bullish but flattening out โ early sign of exhaustion.
๐ฏ Trading Strategy:
Wait & Watch Approach โ Let price reclaim and close above $0.0472 to consider a continuation long trade. If $PIXEL price falls below $0.0450, expect further correction to $0.0443 or $0.0430.
๐ก Entry Zone: Only if price stabilizes above $0.0472
โ Invalidation: Close below $0.0440 (trend weakness)
๐ Upside Targets: $0.0485 โก๏ธ $0.0500 (if continuation confirmed)
๐ Downside Support: $0.0443 โก๏ธ $0.0430
๐ฌ Market Sentiment: Mixed โ Traders are booking profits, volume is cooling off, but still under bullish context. Avoid chasing โ wait for clarity! ๐ต๏ธโโ๏ธ
๐ Pro Tip: Never buy after long green candles without a retest โ wait for the chart to talk, not the hype. ๐ฏ
๐ง โDiscipline isn't glamorous โ but it's what separates consistent traders from hopeful gamblers.โ
๐ Disclaimer: This is not financial advice. Do your own research and manage risk accordingly.
#pixel #BinanceAlphaAlert #MarketPullback #SaylorBTCPurchase #BTC
