🔥$AXS Bullish consolidation, I'd Long on dip
Current price action near Bollinger upper band with reduced short-term capital flows suggests consolidation. The 1h chart shows:
• Bullish market structure (higher highs/lows)
• Current testing of dynamic resistance (MA5)
• Potential formation of bull flag pattern
• Key support at 2.65 (S1) and resistance at 2.94 (Bollinger upper)
• Recent 1h candles show declining volume during consolidation watch for volume expansion on breakout
• Spot flows show mixed signals but overall positive 24h accumulation (+1.19M USDT)
Entry long $AXS :
• Preferred: Wait for pullback to 2.75-2.78 (MA10 confluence zone)
• Aggressive: Break above 2.92 (confirmed upper band breakout) with volume
Stop Loss: 2.65, below key support and MA20
Take Profit $AXS
• TP1: 3.01 (Resistance)
• TP2: 3.17 (Next resistance)
Support me just Click below to Trade 👇 Cheers
A break below 2.65 would invalidate the bullish thesis. #axs #axsusdt #AxieInfinity