After reaching a recent high of $0.2169, $AIXBT is now facing strong resistance and has started to retrace, currently trading around $0.2093. The MACD indicator is hinting at weakening bullish momentum, which could open the door for a possible bearish reversal.
Short Trade Idea:
Entry Zone: $0.2090 – $0.2140
Target 1: $0.1980
Target 2: $0.1850
Stop-Loss: Above $0.2175
Market Insight: The fading trading volume and failure to reclaim recent highs suggest the bulls may be losing steam. A confirmed rejection from the $0.2169 resistance could pave the way for further downside, with $0.1850 emerging as a critical support level to watch.
