$AIXBT /USDT Technical Analysis & Trade Signal 🚀

Market Overview:

The AIXBT/USDT pair has recently faced a significant downtrend of -21.30% in the last 24 hours. Currently sitting at $0.3679, traders should be cautious and watch for key support and resistance levels that will shape the next move.

Key Support & Resistance Levels:

Support: $0.3598 (24h Low) – A crucial level for potential reversal.

Resistance: $0.4751 (24h High) – A strong barrier preventing further upside.

Price Trend & Momentum:

The market is currently in a bearish phase, with moderate trading volume and significant downward pressure.

Bearish Sentiment: Sellers are dominating the market, with depth showing increased sell orders.

Target Levels & Trade Strategy 🎯

1. Target #1 (Immediate Support Break)

$0.3598: A break below this level could lead to further downside. Target the $0.3450 support area for a short trade.

2. Target #2 (Bounce from Support)

$0.3800: A bounce from the $0.3598 support may push prices higher. Target $0.3800 for potential long trades with cautious entry.

3. Target #3 (Full Recovery to Resistance)

$0.4751: If the market recovers fully, look for a breakout to the $0.4751 level, providing a solid long position for those waiting for a bullish confirmation.

Momentum Outlook:

Short-Term: Bearish pressure, but potential for a short-term upward correction if support holds.

Medium-Term: Be cautious with further downside until support levels confirm a reversal.

Trade Recommendations:

Short Strategy: Enter a short trade if the price breaks $0.3598, targeting $0.3450.

Long Strategy: If the price stabilizes above $0.3598, look for long entries at $0.3800 or $0.4751 for potential profits.

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