AIXBT/USDT 1H: Bullish Breakout – Next Stop $0.30?
AIXBT/USDT 1H: Bullish Breakout – Next Stop $0.30?
Market Structure & Momentum:
Trade Setup (Confidence 8/10):
Market Maker Analysis:
A
Recommendation:
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Market Structure & Momentum:
- Bullish Breakout: Price has broken above $0.26 resistance with strong momentum and increasing volume.
- Pattern: Completed Inverse Head & Shoulders with the neckline at $0.24.
- RSI: At 70.48, showing strong momentum but nearing overbought territory.
Trade Setup (Confidence 8/10):
- Entry:
- Primary: $0.2647 (current level)
- Alternate: Pullback to $0.26 for a better risk-to-reward ratio
- Targets:
- T1: $0.28 (first major resistance)
- T2: $0.30 (previous high)
- Stop Loss: Below $0.245 (below recent support)
- Risk Score: 7/10 – Favorable risk-to-reward, though caution is advised given near-overbought RSI.
Market Maker Analysis:
A
- ccumulation Phase Complete: Market Makers accumulated in the $0.23 - $0.24 zone.
- Institutional Buying: Confirmed by strong volume profile.
- Hidden Bullish Divergence: Visible on RSI relative to price lows, adding to the bullish case.
- Outlook: Smart Money is likely targeting the previous high at $0.30.
Recommendation:
- Long positions are favorable at $0.2647 or on a pullback to $0.26.
- Keep tight stops below $0.245 to manage risk.
- Watch for resistance at $0.28 as the first major hurdle on the path to $0.30.
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Disclaimer
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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.