$PIXEL Long Liquidation Alert: $6.6438K at $0.25766
A $6.6438K long liquidation at $0.25766 shows that selling pressure has pushed bulls out of the market.
However, this creates a chance for traders to plan their next move by capitalizing on support and resistance levels.
Market Overview
Current Price: $0.25766
Key Event: A long liquidation indicates that buyers were overwhelmed, with the market now testing key support levels.
Next Move: Trading Strategy
Buy Zone
Entry Range: $0.24000 to $0.25500
Enter within this range to take advantage of possible support and a bounce.
Target Levels
T1: $0.27000 – Nearest resistance for short-term gains.
T2: $0.29000 – A medium-term target if momentum builds.
T3: $0.31000 – Extended target if bullish sentiment returns.
Stop Loss
SL: $0.23000
Set below strong support to minimize risk in case of further downside.
Key Factors to Monitor
1. Support at $0.24000: Critical zone to hold for price stability.
2. Resistance at $0.27000: Watch for a breakout to signal recovery.
3. Volume Trends: Rising buying volume can confirm a reversal.
4. Market Sentiment: Broader crypto trends can heavily influence PIXEL’s movement.
Risk Management
Invest Wisely: Use only 1-2% of your capital for this trade.
Adjust Plan: If price breaks below $0.24000, reevaluate your targets.