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$PIXEL just made a move that stunned most people today.
We've been stuck in a fierce downtrend for several months, but look at that huge green candle that exceeds seventeen percent. This is the first time in a long while that we are actually breaking out of this narrow consolidation range. The daily chart shows that we have finally broken through the annoying resistance near 0.0055.
Trading volume is definitely waking up as well, which is a good sign for the bulls. If you check the order book, you'll find it heavily filled with over seventy percent buy orders at the moment. People are clearly trying to push ahead of a potential reversal here.
The next big test will be maintaining this area as support. If we can stay above 0.006, we might have a chance to test 0.007 soon. If it's just a fakeout, we will likely see it retreat back to the four hundred range.
I'm closely watching the upcoming hourly closes to see if the momentum will continue. Are you riding this rally or waiting for a retest?