AIXBT/USDT 1H Chart Analysis
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Current Market Structure:
Smart Money Concepts:
Key Levels:
Risk Score:
Market Maker Intent:
Recommendation:
Confidence Level:
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Current Market Structure:
- Price at $0.3672 showing bearish divergence on RSI (63.02).
- Market makers completed a distribution phase at $0.54.
- Resistance forming at $0.38, with declining volume on bounces.
Smart Money Concepts:
- Distribution complete at premium zone ($0.54).
- Equilibrium break confirmed at $0.37.
- Volume profile suggests continued downside movement.
Key Levels:
- Entry Zone: $0.3670 - $0.3680
- Targets:
- T1: $0.34
- T2: $0.32
- T3: $0.28
- Stop Loss: Below $0.3850 (recent swing high).
Risk Score:
- 7/10 - Favorable risk/reward with clear invalidation level.
Market Maker Intent:
- Likely targeting liquidity in the discount zone ($0.24 - $0.26).
- Expecting lower highs before further downside movement.
Recommendation:
- Short positions favorable within $0.3670 - $0.3680 range.
- Monitor price action at key resistance levels for additional confirmation.
- Manage risk accordingly, as market conditions remain volatile.
Confidence Level:
- 8/10 for bearish continuation.
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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.