🔥AXS: is Axie still bullish? Wait for this scenario!
Is it possible that Axie will return to its ATH? This game-fi project is returning its popularity and in this idea I will explain when to enter to the local long trade, what to pay attention to and outline the targets.
✅The first thing to do is to wait for a false breakdown of the key levels of $19.75 and $19.25. I have not marked them on the chart, but you can mark them for yourself.
Why these levels? On the horizontal volumes, I see that a lot of trades were made at these levels, therefore under these key levels is a large number of stop-loss traders!
✅Secondly, the growth of volumes will show us:
liquidation of long traders
purchases of a big player, which will help us to identify the end of a falling move.
✅Thirdly, the return and modification under the local trend line. The more traders will take short trades on this fall, the higher will be the Axi rise. Short traders will be the fuel🔥 for growth.
By combining these 3 tips together, you can open a successful long with a short stop loss and a high chance of success.
The targets for long:
1. $25.50-27 value zone.
2. $29-29.60 value zone
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
✅The first thing to do is to wait for a false breakdown of the key levels of $19.75 and $19.25. I have not marked them on the chart, but you can mark them for yourself.
Why these levels? On the horizontal volumes, I see that a lot of trades were made at these levels, therefore under these key levels is a large number of stop-loss traders!
✅Secondly, the growth of volumes will show us:
liquidation of long traders
purchases of a big player, which will help us to identify the end of a falling move.
✅Thirdly, the return and modification under the local trend line. The more traders will take short trades on this fall, the higher will be the Axi rise. Short traders will be the fuel🔥 for growth.
By combining these 3 tips together, you can open a successful long with a short stop loss and a high chance of success.
The targets for long:
1. $25.50-27 value zone.
2. $29-29.60 value zone
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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