PIXEL/USDT Breakout alert! Showing promising continue upward

28 mag

💎 Paradisers, #PIXEL is indeed showing promising movement worth keeping a close eye on.

💎 Its successful breakout from the descending resistance followed by a retest indicates potential for continued upward momentum. Currently, PIXEL is poised to test the resistance of the accumulation phase around the 0.517 area.

💎 Breaking through this resistance level could trigger a bullish momentum, with only one more confirmation needed for a bullish trend reversal—breaking above the supply area at 0.597.

💎 However, if PIXEL fails to break above the 0.517 resistance and experiences a rejection with a bearish candle, it may signal a retracement back towards the 0.45 area, or even a return to key support levels for another significant move.

💎 Given PIXEL's tendency to bounce off support levels within the accumulation phase, revisiting this zone could potentially lead to a reversal and renewed attempts to break through the resistance.

💎 It's important to watch for the bullish invalidation, particularly if PIXEL fails to sustain its position above the key support level. A breakdown below this level, confirmed by a daily candle close, could indicate further downside potential, possibly leading to new lows.

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