šŸšØ $AIXBT /USDT Technical Analysis & Trade Signal: Bearish Momentum with Target Levels šŸšØ

AIXBT
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0.2347
+0.94%

Current Price: 0.4609 USDT

24h High: 0.5595 USDT

24h Low: 0.4602 USDT

Market Trend: Bearish (-7.76% in the last 24 hours)

šŸ” Key Indicators:

RSI: Potential oversold, suggesting a possible rebound.

MACD: Negative momentum, confirming the bearish trend.

Support Level: 0.4602 USDT

Resistance Level: 0.5595 USDT

Price Action:

The AIXBT/USDT pair is in a strong downtrend, with recent bearish price action. The market is consolidating near 0.4602 USDT, which may serve as short-term support. However, the bearish sentiment persists, and further declines could be imminent.

šŸ’„ Trade Signal - Short Opportunity

Recommendation:

Short Position: Enter a short trade with a stop-loss above 0.4700 USDT to manage risk.

šŸŽÆ Target Levels:

Target 1: 0.4550 USDT (Support zone)

Risk: Medium

This level is a likely target as price tests short-term support.

Target 2: 0.4400 USDT (Extended support)

Risk: High

If bearish momentum continues, this level could be reached, aligning with previous price action.

Target 3: 0.4300 USDT (Major Support Zone)

Risk: High

A significant support level, where strong buying interest may emerge.

āš” Trade Momentum:

The market shows clear negative momentum across multiple timeframes (15m, 1h, 4h, 1D), favoring short trades. The price continues to fall, confirming the overall bearish sentiment.

Strategy:

Watch for any potential price reversal near 0.4602 USDT.

For short positions, maintain a stop-loss at 0.4700 USDT to avoid a retracement.

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