$AXS is holding strong after the dip!
The recent vertical move in AXS was followed by a deep pullback, but the sellers have failed to push the price lower. Instead of falling further, the price is being "absorbed" by buyers who are protecting the key support levels. This shows that the long term bullish trend is still intact
Current Market Data:
Current Price: Around $2.45 – $2.50
24-Hour Change: Roughly -7% (pullback mode)
Market Rank: #172 by market capitalization
Trading Volume: $387 million, showing active interest during this dip
Technical Reality Check:
Support: The $2.30 – $2.35 range is acting as a major floor where buyers are jumping back in.
Resistance: The first big hurdle for a recovery is at $2.60, followed by $2.70.
Structure: On the 4-hour and daily charts, AXS remains bullish with its 50-day moving average trending upward.
Trade Setup:
Based on the current price action and support zones, here is the setup for a potential continuation:
Entry Zone: 2.30 – 2.40 (Buying the support)
Target 1: 2.60
Target 2: 2.85
Target 3: 3.10
Stop Loss: 2.10
As long as AXS stays above the $2.30 area, the path to higher prices looks clear. The current price action suggests that the "weak hands" have sold, and the "strong hands" are now taking over.
Are you buying this AXS dip or waiting for more proof of a bounce? Let me know in the comments!
Disclaimer: This post is for information purpose only and not financial advice. This is market insights and personal analysis. Do your own research (DYOR), manage your risk, and always use stop losses
