$AXSUSDT
Trend & Momentum: AXS is in a strong uptrend, up +18.68% on the day. Trading at $2.383, it is above all key MAs (7, 25, 99), indicating robust bullish momentum on the 1-hour chart.
Trade Thesis: After a significant surge, the price is approaching the 24-hour high resistance. The strategy is to look for a consolidation or pullback to a key support zone for a favorable long entry, targeting a continuation.
3-Take Profit (TP) Plan:
TP1: $2.48 – Initial target near the recent swing high.
TP2: $2.58 – Next psychological level, projecting a break above the 24h high ($2.534).
TP3: $2.68 – Measured move target, extending the trend channel.
Execution:
Ideal Entry: Look for a bullish reversal (e.g., hammer, bullish engulfing) near the $2.28 - $2.32 zone (confluence of MA25 and previous resistance-turned-support).
Stop-Loss (SL): Place below $2.18 (below the key MA25 and recent consolidation), to protect against a false breakout.
Final Note: Volume is declining from its peak, suggesting a pause. Entering on a dip within the confirmed uptrend offers a better risk/reward ratio than chasing the current high. Manage risk tightly.
