Axie Infinity was OVERHYPED, and I'm SHORTING it!Without getting into too much detail, I was one of the losers that jumped onto the Axie Infinity hype way too late. And I got burned. Now I want my money back and I'm shorting it.
It's a terrible game in my opinion. It's performing much worse than the rest of crypto and is sitting at supply.
I see two things happening. A big drop here from 6.661, or an extra pump up to 7.5, sweep, and a big drop back to new lows.
KUCOIN:AXSUSDT to the ground :/
This post is intended for education only. It is hypothetical and by no means financial advice. Trading is risky and consultation with your financial advisor is always recommended prior to investing or trading.
Axsshort
#AXSUSD - Huge Short Coming off After Huge Long!We closed a large Long trade of 56% gains with #AXS yesterday, it was a good day - and this wasn't even the best trade of the day! :)
Coming off the back of that success we've got a good Sell signal from Crypto Tipster v2, price tested and was rejected by this descending trend line and there's a reasonable gap for the price to fall until recent support levels are hit.
TP1 should net you 20% on this Short trade, if TP2 get's hit you'll be looking at nearly 50% - awesome.
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AXS/USDT. Price going down on the medium term (to Dec. 21)
Short signal for me, bearish on AXS over the next 2 months.
First step: Price is going down to the yellow resistance, or to the green up trend.
> probably will reach one of the two where the red ellipse is.
Only short it if you know what are you doing.
Don't use this as a investment advice. I'm just sharing my thoughts.
HOWEVER, AXS has been one of the most volatile coin recently on Binance Future. So careful.