AIXBT/USDT 1H Chart Analysis
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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.
🚀 Follow me on TradingView if you respect our charts! 📉,# AIXBT/USDT 1H Chart Analysis
## Current Market Structure
– **Price**: Currently at $0.478, exhibiting bearish momentum after facing rejection from the Point of High (POH) at $0.52.
– **RSI**: Reading of 46.83 indicates a neutral to bearish momentum.
– **Trend**: Demonstrating a bearish structure with lower highs and lower lows established.
## Key Levels
– **Resistance**: $0.52 (POH).
– **Immediate Support**: $0.46.
– **Major Support**: $0.44 (Point of Low).
## Trade Setup (Confidence 7/10)
– **Entry Zone**: Identify entry between $0.46 – $0.47 upon testing the support level.
– **Targets**:
– **T1**: $0.49
– **T2**: $0.52
– **Stop Loss**: Set below recent Point of Low at $0.44.
– **Risk Score**: 6/10 due to declining volume signals.
## Market Maker Analysis
– Accumulation is likely occurring within the $0.44 – $0.46 range.
– Distribution is noted at $0.52, confirming its resistance status.
– Expect choppy price action within this range before a potential breakout.
## Recommendation
– Wait for a confirmed signal at $0.46 before making any trading decisions.
– Notable lack of divergences on the RSI suggests that patience is essential.
– A rise in volume will be critical for a significant shift in momentum.
### Hot Take
Given the current market structure and resistance levels, traders should proceed with caution. The bearish sentiment is clear; however, if price action confirms a bounce at $0.46, there could be short-term trading opportunities to capitalize on. The importance of volume cannot be overstated; an increase in volume could signal a stronger reversal or breakout.
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews . The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Original article: https://www.tradingview.com/chart/AIXBTUSDT/44sCgD8F-AIXBT-USDT-1H-Bears-in-Control-Watching-0-46-for-a-Bounce/
