Aixbt / USDTLong
AIXBT/USDT 1H: Bears in Control – Watching $0.46 for a Bounce!
AIXBT/USDT 1H Chart Analysis
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Current Market Structure:
Key Levels:
Targets:
Market Maker Analysis:
Recommendation:
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Current Market Structure:
- Price: $0.478, showing bearish momentum after rejection from POH ($0.52).
- RSI: 46.83, indicating neutral-bearish momentum.
- Trend: Lower highs and lower lows confirm a bearish structure.
Key Levels:
- Resistance: $0.52 (POH - Point of High).
- Immediate Support: $0.46.
- Major Support: $0.44 (POL - Point of Low).
- Trade Setup (Confidence 7/10):
- Entry Zone: $0.46 - $0.47, once price tests support.
Targets:
- T1: $0.49
- T2: $0.52
- Stop Loss: $0.44 (below recent POL).
- Risk Score: 6/10 (due to declining volume).
Market Maker Analysis:
- Accumulation Likely at $0.44 - $0.46 range.
- Distribution Visible at $0.52, confirming resistance.
- Expect Choppy Price Action within this range before a breakout.
Recommendation:
- Wait for confirmation at $0.46 before entering.
- No significant divergences on RSI, so patience is key.
- Volume must increase for stronger momentum shift.
- Confidence Level: 7/10 for a bounce trade, but requires patience.
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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.
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.