$PIXEL
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Technical analysis:
- Support and resistance:
- Support: The nearest support level is around $0.15, where the price may find stability if it decreases.
- Resistance: The next resistance level is expected around $0.17, where the price may encounter selling pressure.
Trading strategy:
- Entry Zone:
- Consider buying when the price retraces to the support zone of $0.15 - $0.155, where it may provide a safer entry point.
- Selling Zone (Entry for Short or Take Profit):**
- If the price approaches the resistance zone of $0.17 and shows signs of reversal, consider selling or taking profit.
- Take Profit (TP):
- TP1:** $0.165 - A level close to resistance, where the price may encounter selling pressure.
- TP2:** $0.17 - Expected resistance level.
- Stop Loss (SL):
- Set SL below the support level of $0.145 to minimize risk if the price continues to decrease.
Important note:
- The cryptocurrency market is highly volatile; therefore, risk management and adherence to trading principles are very important.
- Always stay updated on market information and monitor technical indicators to adjust strategies in a timely manner.
- The information provided is for reference only and should not be considered investment advice. Please research and consider carefully before making trading decisions.#BTC☀ #PIXEL📈 $BTC #ChristmasMarketAnalysis