$AIXBT Downward retracement after a huge rise — Profit taking is underway
It witnessed a strong vertical rise from the area of 0.1679 to a peak of 0.2162.
The price is now consolidating near 0.1990 after failing to hold above the level of 0.2100.
A correction phase may form before the next major movement.
If the price fails to regain 0.2050, bears may take control in the short term.
A correction towards support at 0.1800 is possible if the volume continues to decline.
Trade setup (short):
Entry area: 0.1990 – 0.2020
Targets:
1 : 0.1900
2 : 0.1820
Stop loss (SL): 0.2090
Trade here $AIXBT
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AIXBTUSDT
Perp
0.02385
+0.63%