AIXBT/USDT 1H: Bears in Control – Watching $0.46 for a Bounce!

AIXBT/USDT 1H Chart Analysis
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Current Market Structure:

• Price: $0.478, showing bearish momentum after rejection from POH ($0.52).
  
• RSI: 46.83, indicating neutral-bearish momentum.
  
• Trend: Lower highs and lower lows confirm a bearish structure.
  

Key Levels:

• Resistance: $0.52 (POH - Point of High).
  
• Immediate Support: $0.46.
  
• Major Support: $0.44 (POL - Point of Low).
  
• Trade Setup (Confidence 7/10):
  
• Entry Zone: $0.46 - $0.47, once price tests support.
  

Targets:

• T1: $0.49
  
• T2: $0.52
  
• Stop Loss: $0.44 (below recent POL).
  
• Risk Score: 6/10 (due to declining volume).
  

Market Maker Analysis:

• Accumulation Likely at $0.44 - $0.46 range.
  
• Distribution Visible at $0.52, confirming resistance.
  
• Expect Choppy Price Action within this range before a breakout.
  

Recommendation:

• Wait for confirmation at $0.46 before entering.
  
• No significant divergences on RSI, so patience is key.
  
• Volume must increase for stronger momentum shift.
  
• Confidence Level: 7/10 for a bounce trade, but requires patience.
  

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