$AXS saw an impressive move today, delivering a sharp rally that confirmed the bullish setup we were tracking 📈
The alert was triggered after a bullish pattern formed on the 15-minute chart, and price reacted almost immediately with strong volume backing the move. The market printed a daily low around 1.879, lining up closely with our 1.887 support zone and just beneath the 2.07 level we had been watching.
The rebound pushed higher until it met firm resistance near 2.519, which was validated by the appearance of the first red 4-hour candle at that zone—signaling short-term exhaustion.
From here, there are a few reasonable scenarios:
A. A healthy retracement or profit-taking phase could bring price back toward the 2.10–2.08 area to rebalance inefficiencies, ideally while holding above the 1.879 low.
B. If overall market sentiment weakens, price may revisit deeper support levels—initially the 1.79–1.626 zone, then the 200 EMA near 1.55, and in a stronger pullback, the ascending trendline around 1.45, all while keeping the broader bullish structure intact.
C. Should momentum remain strong after a short consolidation, a breakout above the recent high at 2.99 becomes possible. Using the recent range from 1.879 to 2.987, a measured upside projection points toward 4.74.
For now, however, the more near-term and realistic upside objective sits around the 3.45 level.
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