AI16Z/USDT 1H: Bearish Distribution – Wait for Reversal Bounce?!AI16Z/USDT 1H: Bearish Distribution – Wait for Reversal Bounce at Support?
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Current Market Structure:
Price at $0.3103 (-1.55%) in a bearish trend, showing consistent lower highs and lower lows.
Overall market structure remains bearish.
Technical Indicators & Key Points:
RSI: 31.57, indicating oversold conditions.
Resistance: Strong at $0.42.
Support: Established at $0.28 (weekly low).
No clear divergences present.
Market Maker Activity:
Clear distribution phase evident from recent sells.
Heavy selling pressure from institutional players.
Accumulation likely occurring near the $0.28-$0.29 zone.
Trade Setup (Confidence 8/10):
Entry: Target the $0.31-$0.32 range.
Targets:
T1: $0.36 (previous support).
T2: $0.38 (liquidity pool).
Stop Loss: $0.295 (below current price).
Risk Score:
7/10 – High risk environment, but favorable risk-to-reward if key levels hold.
Recommendation:
Wait for confirmation of a bounce at $0.28-$0.29 before entering long positions.
Market structure remains bearish until price reclaims $0.36.
Exercise patience and maintain tight risk management.
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