$AXS has entered a consolidation phase following a strong rally. This range is wide enough to allow for trading inside the structure.
I have identified a local level, relying primarily on the 4H timeframe.
The asset has been trading just above this support for an extended period. Recently, there was a tap on the level, and now we are seeing a close retest developing — this is a strong bearish (Short) signal.
Since this is an intra-range trade and not a breakout from the major consolidation channel, we might not see a massive move. However, securing a solid 5R (5 to 1) risk-to-reward ratio is highly feasible.
Not financial advice. Do your own research.
AXSUSDT
دائم
1.882
-11.01%