Expert opinion: Caution #PIXEL (from Coinsradar.net)

💎 It successfully broke through the descending resistance and retested, indicating the possibility of upward continuation. Currently, PIXEL is preparing to test the accumulation phase resistance in the 0.517 area.

💎 A breakout of this resistance level could trigger bullish momentum, with only one more confirmation required to form a bullish trend reversal - a breakout of the 0.597 supply zone.

💎 However, if PIXEL fails to break through the 0.517 resistance and a bearish candle retracement occurs, this could indicate a correction to the 0.45 area and possibly even back to the key support level for another major move.

💎 Given that PIXEL usually bounces off support levels during the accumulation phase, a re-entry into this area could lead to a reversal and another attempt to break through resistance.

💎 Be especially careful of bullish invalidations, especially if PIXEL fails to sustain above the key support level. If the daily closing price falls below this level, it may indicate the potential for further declines, and may even hit new lows.

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