AIXBT/USDT 1H: Distribution Completed – Targeting $0.2600

AIXBT/USDT 1H: Analysis
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Current Market Structure:

• Price trading at $0.2937 with bearish momentum, forming a clear downtrend of lower lows and lower highs.
  
• RSI showing hidden bearish divergence on the lower timeframe, signaling weakness.
  
• Major resistance at $0.3200, now acting as a supply zone after previous support break.
  
• Strong support zone at $0.2600-$0.2400 (weekly low + discount zone).
  

Trade Setup:

• Confidence Level: 8/10 – Favorable setup for a short position.
  
• Entry Zone: Wait for a retest of $0.3200 for a high-probability short.
  
• Targets:
  
• T1: $0.2600 (initial support zone).
  
• T2: $0.2400 (discount zone & weekly low).
  
• Stop Loss: Above $0.3400 (recent swing high).
  

Risk Score:

• 7/10 – Favorable risk-to-reward setup, but potential volatility near key support levels.
  

Market Maker Intent:

• Smart Money appears to have completed distribution within the $0.32-$0.34 range.
  
• Accumulation likely near $0.24-$0.26 before any potential reversal.
  
• Expect further downside until a significant support test.
  

Recommendation:

• Avoid longing at current levels due to weak market structure.
  
• Best entry for shorts would be a retest of $0.3200 with volume confirmation.
  
• Watch for reaction at $0.2600-$0.2400 to assess accumulation strength.
  

Confidence Level:

• 8/10 – Bearish bias remains strong, favoring short setups over long positions.
  

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