$AXS
📉 Market Structure (4H)
On the 4H chart, AXS/USDT has shown mixed structure with consolidation and possible trend shifts — recent trade ideas highlight a retest of support near ~$2.15–$2.17 and range behavior between support and intermediate resistance levels. �
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There’s still evidence of higher lows forming, suggesting potential bottoming, but price remains below some dynamic resistances (like moving averages) which tempers bullish conviction. �
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🔑 Key Levels
Support: Areas around $2.15–$2.17 act as near-term floors on 4H time frame. �
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Resistance: Break and close above $2.25–$2.30 on 4H may trigger further bullish moves toward mid-range targets near the next supply zones. �
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📊 Indicators
MACD: 4H setups often show early bullish momentum when MACD begins to rise from lower levels, but still needs confirmatory cross and sustained divergence above signal line for a stronger uptrend. �
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RSI: The 4H RSI on some setups is lifted from oversold areas — indicating recovery potential, but not yet extreme overbought, so there’s room for continuation if buyers remain active. �
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EMAs: Exponential moving averages on 4H remain bearish overall (price under some EMAs), meaning trend isn’t decisively bullish until price convincingly clears above key EMAs. �
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📌 Short-Term Bias
Neutral to cautiously bullish: If AXS holds above key 4H support and breaks above $2.25–$2.30 with volume, this suggests bullish continuation on the 4-hour. �
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Bearish risk: Failure to hold the support zone could invite deeper retracement toward lower FVG/Liquidity pockets (~$2.00 or below) before buyers step in. �
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