AIXBT/USDT 1H: Hidden Bullish Divergence – Potential Reversal??!

AIXBT/USDT 1H: Hidden Bullish Divergence – Potential Reversal at $0.1850?
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Current Market Structure:

Price at $0.1776 is exhibiting a bearish distribution pattern with lower highs.
Clear resistance is observed at $0.1850.

Market Maker Activity:

Accumulation is evident in the $0.1700-0.1750 zone, suggesting that institutional players are positioning for a reversal.
Smart Money appears to be building positions at these levels.

Technical Indicators:

Hidden bullish divergence is present on RSI at 46.36 relative to price action, signaling potential for a reversal despite the bearish setup.

Trade Setup (Confidence 8/10):

Long Entry: At $0.1776.
Targets:
T1: $0.1850
T2: $0.1950
Stop Loss: Place at $0.1700 (below key support).

Risk Score:

7/10 – Favorable risk-to-reward, with clear entry, target, and stop levels.

Key Levels:

Support: $0.1700, $0.1650
Resistance: $0.1850, $0.2000

Recommendation:

Recommend a cautious long position given the accumulation signals and hidden bullish divergence.
Maintain tight stops below $0.1700 to manage risk effectively.
Monitor price action near $0.1850 for further confirmation of upward momentum.

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Cryptokijker

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Cryptokijker