Notice how $PIXEL spiked to $0.00637 on massive volume, only to leave a massive upper wick and pull right back to the $0.00469 level.
That aggressive rejection shows clear distribution at local highs, with buyers getting trapped above $0.0050. Price is now testing support near the MA(25) at $0.00460. If this level fails to hold, a retest of lower liquidity around $0.00425 is likely.
Trade Setup:
Bias: SHORT
Entry: $0.00470 - $0.00490
SL: $0.00515
TP1: $0.00445
TP2: $0.00425
TP3: $0.00390
Are you buying this dip, or waiting for lower key support?
Cashtags: $PIXEL BTCUSDT
$PIXEL
That aggressive rejection shows clear distribution at local highs, with buyers getting trapped above $0.0050. Price is now testing support near the MA(25) at $0.00460. If this level fails to hold, a retest of lower liquidity around $0.00425 is likely.
Trade Setup:
Bias: SHORT
Entry: $0.00470 - $0.00490
SL: $0.00515
TP1: $0.00445
TP2: $0.00425
TP3: $0.00390
Are you buying this dip, or waiting for lower key support?
Cashtags: $PIXEL BTCUSDT
$PIXEL