AIXBT is on the cusp of a major breakout, with price currently hovering just above the crucial 0.02910 level, which has been a significant order block zone in recent sessions. This area has been thoroughly swept and tested, and a strong bounce off this level could be the catalyst for a substantial move upwards.
Technically, the higher timeframe (HTF) chart is looking decidedly bullish, with the RSI clocking in at 82, indicating a robust upward momentum. Volume is also running at 1.7x average, further underscoring the strength of this move. The SMC Score is relatively neutral at 3.6/10, but given the HTF strength, I'm inclined to favor the bulls here.
Here are the key trade levels:
- Entry: 0.02910
- Take Profit 1: 0.03020 (RR 3.1x)
- Take Profit 2: 0.03185 (RR 7.7x)
- Stop Loss: 0.02874
Given the tight stop and favorable risk-reward, I'm long $AIXBTUSDT with a target of 0.0302. For those looking to ride this wave, keep a close eye on the order blocks and be prepared to adjust your strategy as needed.
Let's ride this bull run, and remember to always set your stops and manage your risk.
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