Short

AIXBT/USDT 1H: Distribution Completed – Targeting $0.2600

AIXBT/USDT 1H: Analysis
🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Current Market Structure:

Price trading at $0.2937 with bearish momentum, forming a clear downtrend of lower lows and lower highs.
RSI showing hidden bearish divergence on the lower timeframe, signaling weakness.
Major resistance at $0.3200, now acting as a supply zone after previous support break.
Strong support zone at $0.2600-$0.2400 (weekly low + discount zone).

Trade Setup:

Confidence Level: 8/10 – Favorable setup for a short position.
Entry Zone: Wait for a retest of $0.3200 for a high-probability short.
Targets:
T1: $0.2600 (initial support zone).
T2: $0.2400 (discount zone & weekly low).
Stop Loss: Above $0.3400 (recent swing high).

Risk Score:

7/10 – Favorable risk-to-reward setup, but potential volatility near key support levels.

Market Maker Intent:

Smart Money appears to have completed distribution within the $0.32-$0.34 range.
Accumulation likely near $0.24-$0.26 before any potential reversal.
Expect further downside until a significant support test.

Recommendation:

Avoid longing at current levels due to weak market structure.
Best entry for shorts would be a retest of $0.3200 with volume confirmation.
Watch for reaction at $0.2600-$0.2400 to assess accumulation strength.

Confidence Level:

8/10 – Bearish bias remains strong, favoring short setups over long positions.

🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!

Cryptokijker

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.

Cryptokijker