AXS/USDTPERP Long-Term Trend: Bullish
Key Resistance Levels: 45.55, 48.83, 49.00
Key Support Levels: 41.26, 37.54, 37.00
The price on the higher time frame failed to break a strong support around the 37.54 USDT mark and posted an engulfing bullish pattern which reversed the price to the upside. The price is expected to continue further movement upward toward the next key level 45.55 USDT.
AXS/USDTPERP Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the bearish channel to the upside where it posted a double bottom formation showing an end of the correction count. Further upside movement is expected but we prefer to buy around the highlighted zone for better Risk to Reward Ratio.
Buy Limit Order @ 41.39
TP 1 @ 45.44
TP 2 @ 48.83
Stop Loss @ 40.38
Trade Safely 🙂