$AIXBT – The downward pressure continues under the MA resistance

The price was rejected from the 99 MA at $0.1307

Consistent lower highs confirm the bearish trend.

$AIXBT is trading below all major moving averages, with recent attempts to break above the 99 MA being quickly rejected. The bounce from $0.1279 is weak, indicating that sellers are still in control.

Short Trade Setup:

Entry: $0.1282

Targets:

1: $0.1265

2: $0.1248

Stop Loss: $0.1308

Unless it regains the $0.131 area, this chart remains susceptible to further declines.

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