🔥$AXS Strong Bullish, I'd expect continuation after shallow pullback
The 1H chart shows:
• A powerful bullish impulse wave from 1.707 to 2.465 (24H high)
• Recent consolidation between 2.29-2.41 forming a bull flag pattern
• Higher lows maintained throughout the rally 1.707 → 1.967 → 2.135
• Rejection at upper Bollinger Band 2.465 with a long wick, indicating selling pressure
Spot: Net outflow over 7D -5.7M indicates profit-taking, but 1H inflow +161K suggests temporary buying interest.
Contracts: Strong 24H net inflow 18.9M with recent 1H outflow -2.6M implies futures traders are taking profits near resistance.
Entry long $AXS :
• Ideal entry: 2.29-2.32 (MA20 support confluence)
• Aggressive entry: Current price 2.384 with tight stop
Stop-Loss: 2.134 (Below support and recent swing low)
Target Levels $AXS :
• TP1: 2.505 (Rsistance)
• TP2: 2.602 (next resistance)
Support me just Click below to Trade 👇 Cheers.
A break below 2.134 would invalidate the bullish thesis, potentially triggering a deeper correction to 2.037 (Support zone) #axs #axsusdt #AxieInfinity