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Technical Analysis
A potential *bullish engulfing* pattern is forming on the AIXBTUSDT 1-month chart, indicating a possible trend reversal from bearish to bullish.
Pattern Breakdown
1. *Prior Downtrend*: The pattern follows a period of price decline.
2. *Bullish Engulfing Candle*: A green candle engulfs the previous red candle, signaling a potential reversal.
3. *Confirmation*: A green candle closing above $0.26 would confirm the bullish reversal.
Chart Analysis
The current green candle appears to be engulfing the previous red candle, suggesting a potential shift in trend.
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