$AIXBT /USDT Analysis: Recovery Signs Amid Downtrend... $AIXBT /USDT pair is showing signs of stabilizing after hitting a low of $0.4684, suggesting a possible reversal if key levels are maintained.
Key Levels to Watch:
Resistance: $0.5400 – A break above this could trigger a rally toward $0.5800.
Support: $0.4684 – Holding this level is crucial to avoid a further decline to $0.4500.
Indicators:
RSI: 40 – Indicates oversold conditions, with potential for upward correction.
Volume: Declining, signaling cautious market participation.
Trade Setup:
Long Entry: Above $0.5150, targeting $0.5400 and $0.5800.
Short Entry: Below $0.4684, targeting $0.4500 and $0.4300.
Risk Management:
Set stop-loss at $0.5000 for long trades and $0.4800 for shorts to manage volatility effectively.