$PIXEL 24-hour low, current price 0.00611, previous low 0.006133.
After making a new low, there are generally three possible moves:
① Rebounds to the previous low, then gets pushed back down: weakness continues
② Chops around the previous low: consolidation, direction still unclear
③ Quickly recovers the previous low and holds above it: false breakdown
Currently below the previous low; watch whether it follows ① or ②.
#PIXEL
This is just an opinion for discussion; trade at your own risk.
After making a new low, there are generally three possible moves:
① Rebounds to the previous low, then gets pushed back down: weakness continues
② Chops around the previous low: consolidation, direction still unclear
③ Quickly recovers the previous low and holds above it: false breakdown
Currently below the previous low; watch whether it follows ① or ②.
#PIXEL
This is just an opinion for discussion; trade at your own risk.