aixbt by Virtuals / Tether
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AixbtUSDT Analysis & Idea

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Hey traders!

Looking at the AixbtUSDT chart, we can see the price recently pulled back after reaching $0.5980, which coincided with the top of an ascending channel. This correction found support just below the 0.50 Fibonacci retracement level.

With the overall market showing strength and increasing volume in altcoins, particularly Bitcoin and Ethereum, AixbtUSDT appears to be resuming its upward momentum and targeting the $0.65 area.
Key Resistance Levels:

  1. $0.5700
  2. $0.6100

Trade Idea:

  • Entry: Long above $0.4800
  • Stop Loss: $0.4600


Remember:

  1. This is just my personal view, and it's important to always do your own research before making any trading decisions.
  2. Keep an eye on volume and price action for confirmation of any potential breakouts.
  3. Consider setting stop-loss orders to manage your risk effectively.


Let me know your thoughts on AixbtUSDT!

Happy trading!
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