AIXBT/USDT 1H: Bullish Breakout – Next Stop $0.30?

AIXBT/USDT 1H: Bullish Breakout – Next Stop $0.30?

Market Structure & Momentum:

• Bullish Breakout: Price has broken above $0.26 resistance with strong momentum and increasing volume.
  
• Pattern: Completed Inverse Head & Shoulders with the neckline at $0.24.
  
• RSI: At 70.48, showing strong momentum but nearing overbought territory.
  

Trade Setup (Confidence 8/10):

• Entry:
  
• Primary: $0.2647 (current level)
  
• Alternate: Pullback to $0.26 for a better risk-to-reward ratio
  
• Targets:
  
• T1: $0.28 (first major resistance)
  
• T2: $0.30 (previous high)
  
• Stop Loss: Below $0.245 (below recent support)
  
• Risk Score: 7/10 – Favorable risk-to-reward, though caution is advised given near-overbought RSI.
  

Market Maker Analysis:
A

• ccumulation Phase Complete: Market Makers accumulated in the $0.23 - $0.24 zone.
  
• Institutional Buying: Confirmed by strong volume profile.
  
• Hidden Bullish Divergence: Visible on RSI relative to price lows, adding to the bullish case.
  
• Outlook: Smart Money is likely targeting the previous high at $0.30.
  

Recommendation:

• Long positions are favorable at $0.2647 or on a pullback to $0.26.
  
• Keep tight stops below $0.245 to manage risk.
  
• Watch for resistance at $0.28 as the first major hurdle on the path to $0.30.
  

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