AI16Z/USDT 1H: Consolidation Nearing Breakout – Next Leg Above 0

AI16Z/USDT 1H: Consolidation Nearing Breakout – Next Leg Above 0.58?

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Current Market Structure:

• Price currently in consolidation after rejection from the 0.52 level, showing signs of an accumulation pattern.
  
• Ascending triangle formation with higher lows, indicating potential bullish buildup.
  

Market Maker Activity:

• Accumulation evident in the 0.44-0.46 zone with multiple CHoCH formations signaling institutional interest.
  
• Current price action suggests the distribution phase is nearly complete, setting the stage for a breakout.
  

Technical Indicators:

• Hidden bullish divergence on RSI (in the 40-50 range) supports the potential for a reversal and further upside.
  

Trade Setup (Confidence 7/10):

• Entry: Consider entering at 0.48 upon breakout confirmation with supportive volume.
  
• Targets:
  
• T1: 0.52
  
• T2: 0.58
  
• Stop Loss: Place below recent support at 0.445.
  

Risk Score:

• 7/10 – Promising structure with favorable risk-to-reward, but wait for volume confirmation above 0.48.
  

Recommendation:

• Long positions are recommended once the breakout above 0.48 is confirmed.
  
• Monitor volume closely to ensure the move is supported, as the accumulation phase appears to be transitioning into a markup phase.
  

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