AIXBT/USDT 1H: Bearish Divergence Confirmed – More Downside ?

AIXBT/USDT 1H Chart Analysis
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Current Market Structure:

• Price at $0.3672 showing bearish divergence on RSI (63.02).
  
• Market makers completed a distribution phase at $0.54.
  
• Resistance forming at $0.38, with declining volume on bounces.
  

Smart Money Concepts:

• Distribution complete at premium zone ($0.54).
  
• Equilibrium break confirmed at $0.37.
  
• Volume profile suggests continued downside movement.
  

Key Levels:

• Entry Zone: $0.3670 - $0.3680
  
• Targets:
  
• T1: $0.34
  
• T2: $0.32
  
• T3: $0.28
  
• Stop Loss: Below $0.3850 (recent swing high).
  

Risk Score:

• 7/10 - Favorable risk/reward with clear invalidation level.
  

Market Maker Intent:

• Likely targeting liquidity in the discount zone ($0.24 - $0.26).
  
• Expecting lower highs before further downside movement.
  

Recommendation:

• Short positions favorable within $0.3670 - $0.3680 range.
  
• Monitor price action at key resistance levels for additional confirmation.
  
• Manage risk accordingly, as market conditions remain volatile.
  

Confidence Level:

• 8/10 for bearish continuation.
  

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