A $1.07K LONG liquidation was triggered at $0.00869, forcing bullish positions to close and increasing short-term sell pressure. Long liquidations often act as a momentum continuation signal when price remains below the liquidation level.
With longs flushed, $PIXEL is now trading near a key reaction zone. If sellers maintain control and volume confirms weakness, price could extend lower from here. A reclaim above the level may lead to brief consolidation or a relief bounce.
Trade Setup – $PIXEL
📍 Entry (EP): 0.0086 – 0.0089
🎯 TP1: 0.0082
🎯 TP2: 0.0078
🎯 TP3: 0.0072
🛑 Stop Loss (SL): 0.0092
Long liquidations shift market balance — let price action confirm continuation.
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