๐ฅ **AIXBT/USDT Analysis: A Potential Reversal or Bearish Continuation?** ๐ฅ
The market is buzzing as **AIXBT** sits at **$0.6765**, having faced a steep drop of **-14.43%**! Letโs break it down for traders looking to capitalize on this move:
๐ **Support & Resistance:**
- **Key Support:** The price bounced off **$0.6678**, a critical level where buyers stepped in to halt the sell-off.
- **Resistance Zones:** Watch for potential rejections near **$0.6901** and **$0.7019** (MA25), as these levels could cap the upside.
๐ **Trend & Volume Insights:**
- The bearish trend is intact, with lower highs and lows dominating the chart.
- High volume during the drop to **$0.6678** suggests heavy selling pressure, while declining volume on the recovery hints at weak buying momentum.
๐ฏ **Trading Strategy:**
- **For Bulls:** Enter above **$0.7019**, targeting **$0.7499** (MA99) or higher. Ensure strong volume backs the breakout.
- **For Bears:** Look to short between **$0.6901โ$0.7019** if rejection occurs, with a target back to **$0.6678** or lower.
๐ก **Pro Tip:** Use tight stop-lossesโbulls below **$0.6678**, bears above **$0.7019**. Stay nimble as the next move could set the tone for AIXBTโs direction!
Are you ready to seize this trading opportunity? ๐๐ Let the charts lead the way!
