$AXS/USDT 4h (Binance Fut.) Ascending broadening wedge breakdown
Updated
Axie Infinity Shard brutally lost local support and has now pulled back to it, looks like a bearish retest.
Current Price= 70.03
Sell Entry = 70.32 - 73.38
Take Profit= 64.14 | 58.62 | 51.72
Stop Loss= 78.57
Risk/Reward= 1:1.15 | 1:2 | 1:3
Expected Profit= +21.46% | +36.96% | +56.04%
Possible Loss= -18.70%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 70.03
Sell Entry = 70.32 - 73.38
Take Profit= 64.14 | 58.62 | 51.72
Stop Loss= 78.57
Risk/Reward= 1:1.15 | 1:2 | 1:3
Expected Profit= +21.46% | +36.96% | +56.04%
Possible Loss= -18.70%
Fib. Retracement= 0.382 | 0.618 | 1
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade active
First entry filledAxie Infinity Shard is revisiting the broken wedge & 100EMA, still expecting a bounce down from here.
Trade closed: target reached
TP1 reached with +21.46% (2x) and +1.15RAxie Infinity Shard respected the supply zone properly and got rejected on 100EMA.
First target was hit twice already, SL moved to 2nd entry now (73.38$).
We trade what we see and not what we want to happen, results speak for themselves.
Trade closed: target reached
TP2 reached with +36.96% (2x) and +2RAXS got rejected on 100EMA again and kept diving as predicted!
Took most of the profit here and updated SL to 1st entry (70.32$) for remaining position.
Trade closed: target reached
TP3 reached with +56.04% (2x) and +3RAxie Infinity Shard achieved all target on time, we must say that was a pretty accurate short!
Trade is fully closed now, waiting for reversal pattern to form before trying to long it back-up.
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