🔥$AXS Bullish Correction (pullback within uptrend), I'd long buy the dip
Price Action Context:
• The K-line data shows a strong rally from 1.671 to 2.534 (51.6% gain) followed by a healthy pullback to current levels.
• The recent price action formed a potential bull flag pattern, with the current pullback representing a 38.2% Fibonacci retracement of the recent rally.
Recent 1h candles show declining volume during the pullback (latest candle volume: 251K vs average ~20-30M), suggesting the sell-off lacks strong conviction. The massive volume spike (52.3M) during the rally to 2.255 indicates strong buying interest at higher levels.
Capital Flow: Contract funds show consistent outflows across short timeframes (-3.3M in 1H, -4.9M in 2H), indicating leveraged positions are being reduced. However, the 24H net inflow of +12.58M and 3D inflow of +16.66M suggest overall capital remains bullish.
Entry long $AXS : 2.167-2.20 (near Support and 20MA)
Stop Loss: 2.063 (below support)
Targets: $AXS :
• Primary: 2.45 (Resistance)
• Secondary: 2.63 (next resistance)
Support me just Click below to Trade 👇 Cheers.
