AIXBT: FALLING WEDGE AT MAJOR TRENDLINE - REVERSAL POTENTIAL
AIXBT/USDT 4H Analysis
⚡ POTENTIAL REVERSAL SETUP
Price Action:
• Currently in falling wedge (yellow lines)
• Major trendline support since December (cyan line)
• -4.57% current daily movement
• Volume: 534.21K showing distribution
Key Levels:
Support: $0.58 (trendline)
Resistance: $0.70 (wedge top)
FORECAST (green projection):
Possible breakout from wedge targeting $1.00-1.20 range
Strategy:
- Wait for wedge bottom confirmation
- Entry near $0.60-.62 with tight stops
- Target breakout with volume confirmation
#Crypto #TechnicalAnalysis
⚡ POTENTIAL REVERSAL SETUP
Price Action:
• Currently in falling wedge (yellow lines)
• Major trendline support since December (cyan line)
• -4.57% current daily movement
• Volume: 534.21K showing distribution
Key Levels:
Support: $0.58 (trendline)
Resistance: $0.70 (wedge top)
FORECAST (green projection):
Possible breakout from wedge targeting $1.00-1.20 range
Strategy:
- Wait for wedge bottom confirmation
- Entry near $0.60-.62 with tight stops
- Target breakout with volume confirmation
#Crypto #TechnicalAnalysis
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