After six days of trading, Pixfi has finally bottomed and tried to reverse. Here are the details:
➡️ Pixfi found support at the level slightly below 0.04. At least on the 1H and 4H charts, this level was tested twice (shown as 1 and 2 in the chart), and it bounced both times. Therefore, it is likely that this area will act as an essential level in the future.
➡️ Additionally, Pixfi broke out of its strong downtrend (shown as 3 in the chart). This was essential since Pixfi has been rejected at this level several times in the last few days. Moreover, at least on the 1H chart, it re-tested the break out successfully — a further (vital) sign of reversal.
🔍 What's Next
Most importantly, Pixfi has to confirm the outbreak on the daily chart. A positive confirmation can lead to more bullish momentum. Nevertheless, I consider the risk too high in terms of trading due to the lack of historical data.
PIXFIUSDT
➡️ Pixfi found support at the level slightly below 0.04. At least on the 1H and 4H charts, this level was tested twice (shown as 1 and 2 in the chart), and it bounced both times. Therefore, it is likely that this area will act as an essential level in the future.
➡️ Additionally, Pixfi broke out of its strong downtrend (shown as 3 in the chart). This was essential since Pixfi has been rejected at this level several times in the last few days. Moreover, at least on the 1H chart, it re-tested the break out successfully — a further (vital) sign of reversal.
🔍 What's Next
Most importantly, Pixfi has to confirm the outbreak on the daily chart. A positive confirmation can lead to more bullish momentum. Nevertheless, I consider the risk too high in terms of trading due to the lack of historical data.
PIXFIUSDT 
I'm Ben. Crypto lover, trader, and coder.
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I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
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newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.