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AXS/USDT (Futures) Potential Upward Movement

AXS/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 137.81, 151.33, 152.00.

Key Support Levels: 119.65, 113.66, 106.31.

Daily Chart: The price on the higher time frame found buyers around the 119.65 USDT mark after posting a fake breakout which brought back the liquidity. The market is controlled by the buyers and this is represented by the big bodied bar that closed above the key resistance level. further movement to the upside is expected in the coming hours.

AXS/USDT (Futures) Medium-Term Trend: Bullish

4-Hour Chart:

On the lower time frame, the coin succeeded to break the wedge pattern to the upside with the help of the double bottom formation plus the power of the buyers near the 119.65 USDT mark. A retracement to the key support level could be seen before a new move upward toward the target profit.

Signal Idea:

Buy Limit Order @ 120.64

TP 1 @ 136.71

TP 2 @ 151.33

Stop Loss @ 114.86

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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