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Ai16zusdtsignal

AI16Z/USDT 1H: Bearish Distribution – Wait for Reversal Bounce?!AI16Z/USDT 1H: Bearish Distribution – Wait for Reversal Bounce at Support? 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates! Current Market Structure: Price at $0.3103 (-1.55%) in a bearish trend, showing consistent lower highs and lower lows. Overall market structure remains bearish. Technical Indicators & Key Points: RSI: 31.57, indicating oversold conditions. Resistance: Strong at $0.42. Support: Established at $0.28 (weekly low). No clear divergences present. Market Maker Activity: Clear distribution phase evident from recent sells. Heavy selling pressure from institutional players. Accumulation likely occurring near the $0.28-$0.29 zone. Trade Setup (Confidence 8/10): Entry: Target the $0.31-$0.32 range. Targets: T1: $0.36 (previous support). T2: $0.38 (liquidity pool). Stop Loss: $0.295 (below current price). Risk Score: 7/10 – High risk environment, but favorable risk-to-reward if key levels hold. Recommendation: Wait for confirmation of a bounce at $0.28-$0.29 before entering long positions. Market structure remains bearish until price reclaims $0.36. Exercise patience and maintain tight risk management. 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Long
by Cryptokijker