AixbtUSDT Analysis & Idea
Hey traders!
Looking at the AixbtUSDT chart, we can see the price recently pulled back after reaching $0.5980, which coincided with the top of an ascending channel. This correction found support just below the 0.50 Fibonacci retracement level.
With the overall market showing strength and increasing volume in altcoins, particularly Bitcoin and Ethereum, AixbtUSDT appears to be resuming its upward momentum and targeting the $0.65 area.
Key Resistance Levels:
Trade Idea:
Remember:
Let me know your thoughts on AixbtUSDT!
Happy trading!
Looking at the AixbtUSDT chart, we can see the price recently pulled back after reaching $0.5980, which coincided with the top of an ascending channel. This correction found support just below the 0.50 Fibonacci retracement level.
With the overall market showing strength and increasing volume in altcoins, particularly Bitcoin and Ethereum, AixbtUSDT appears to be resuming its upward momentum and targeting the $0.65 area.
Key Resistance Levels:
- $0.5700
- $0.6100
Trade Idea:
- Entry: Long above $0.4800
- Stop Loss: $0.4600
Remember:
- This is just my personal view, and it's important to always do your own research before making any trading decisions.
- Keep an eye on volume and price action for confirmation of any potential breakouts.
- Consider setting stop-loss orders to manage your risk effectively.
Let me know your thoughts on AixbtUSDT!
Happy trading!
Trade active
Trade closed: stop reached
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.