AIXBT/USDT 1H: Bearish Distribution with Reversal Potential !

AIXBT/USDT 1H: Bearish Distribution with Reversal Potential – Wait for Confirmation?

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Current Market Analysis:

• Price at $0.1813 showing strong bearish momentum.
  
• Clear distribution pattern with lower highs and lower lows.
  
• RSI at 30 indicating oversold conditions.
  
• Risk Score: 8/10 – High risk environment.
  

Market Maker Activity:

• Distribution phase evident with heavy selling pressure.
  
• Declining volume suggests a potential reversal may be imminent.
  
• Key support at $0.1750 must hold for any bullish case.
  

Trade Setup (Confidence 7/10):

• Recommendation: Wait for reversal confirmation before entering.
  
• Entry Zone: $0.1750 - $0.1800 after a bullish reversal candle.
  
• Targets:
  
• T1: $0.1950
  
• T2: $0.2100
  
• Stop Loss: Set at $0.1650 (below major support).
  

Recommendation:

• Wait for confirmation of a reversal before entering. Market makers appear to be shaking out weak hands, potentially setting the stage for an accumulation phase.
  

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