AIXBT Rockets Toward $1.00: Momentum Fuels Breakout!

AIXBT/USDT Chart Analysis
Breakout confirmed: AIXBT has surged from the $0.60 equilibrium zone with powerful bullish momentum and strong buyer interest.

Current price: $0.91.

1. Key levels:

• Support: $0.65 (recently established as a strong base).
  
• Resistance:
  
• Immediate: $0.97 (next major hurdle).
  
• Target: $1.00 (psychological and technical level).
  
• RSI: At 67.37, reflecting strong bullish momentum while remaining below overbought levels, indicating room for further upside.
  

1. Trade setup:

• Entry: Current level ($0.91) or on a pullback near $0.85.
  
• Target: $1.00 (psychological resistance level).
  
• Stop loss: Trailing stops below $0.85 to lock in profits while allowing for upside continuation.
  
• Risk-to-reward: A favorable setup, especially with momentum driving toward the $1.00 target.
  
• Confidence level: 9/10 for continued bullish movement.
  

1. 
   *Considerations:

• Volume confirmation: Ensure continued high buying volume to maintain the breakout momentum.
  
• Resistance watch: Monitor price action closely at $0.97-$1.00 for signs of hesitation or rejection.
  
• Trailing stops: Use a trailing stop strategy to protect gains while allowing for potential upside extension.
  

This setup highlights strong bullish momentum, with clear targets and strong support at $0.65. Effective risk management is critical near $1.00.