AIXBT/USDT 1H: Markup Phase – Long Setup Above $0.1540
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Current Market Conditions (Confidence Level: 8/10):
Trade Setup (Long Bias):
Risk Score:
Key Observations:
Recommendation:
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Current Market Conditions (Confidence Level: 8/10):
- Price at $0.1553, showing strong bullish structure after breaking above Fair Value Gap (FVG).
- Hidden bullish divergence spotted on RSI, reinforcing bullish continuation potential.
- Market Makers completed accumulation phase between $0.0750 – $0.0800, entering markup
Trade Setup (Long Bias):
- Entry: $0.1540 – $0.1555 zone.
- Targets:
- T1: $0.1650
- T2: $0.1700
- Stop Loss: $0.1480 (below recent swing low).
Risk Score:
- 7/10 – Strong breakout supports the setup, though minor pullbacks into FVG retest remain possible.
Key Observations:
- Strong support around $0.1300 (equilibrium zone).
- Volume profile confirms breakout strength and new bullish order flow.
- Break of structure aligns with Smart Money Concepts for continued upward movement.
- Price action suggests potential for rapid expansion during markup phase.
Recommendation:
- Long positions favored within entry range with tight risk management.
- Consider securing partial profits at $0.1650 and trailing stop for potential extension towards $0.1700.
- Monitor price action on any pullback into the FVG zone for additional entries.
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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.