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【$PIXEL Signal】Pullback confirmation, secondary bullish attack
$PIXEL 1H Bollinger Bands are strongly opening up, with the price stabilizing above the upper band. The 4-hour MACD histogram continues to expand, indicating sustained bullish momentum. Although the 1H RSI reaches 77, open interest remains stable, with no signs of large-scale capital withdrawal. The order book shows heavy buy orders in the 0.00955-0.00957 range, clearly indicating capital support.
🎯Direction: Long
⚡Entry/Order: Around 0.008656
🛑Stop Loss: 0.008500
🚀Target 1: 0.009282
🚀Target 2: 0.009595
🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce position by half and move the stop loss to the entry price. Hold the remaining position to aim for the second target. If the price pulls back and breaks below the moving stop loss, exit all positions.
This rally is accompanied by significantly increased volume, not a volume-less surge. The negative funding rate suggests high costs for short positions, indicating potential for short squeeze. The 1-hour EMA moving averages are already in a bullish alignment, showing a strong short-term structure. The current risk-reward ratio is close to 4:1, making it a worthwhile sniper opportunity. The key is strict risk control after entry to avoid chasing highs.
Check real-time market 👇 $PIXEL
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