$AXS
#AXS๐ฅ๐ฅ๐ฅ
Based on the new chart for the AXSUSDT pair (futures), we observe an improvement in price compared to the first chart, with the price rising to 1.424. Here's the updated analysis:
1- Reading the technical indicators from the candlestick chart
The overall trend: the price is currently in a positive recovery phase. It has successfully bounced from the support zone at 1.382 and is now trying to establish a short-term bullish trend on the hourly timeframe.
Current resistance level: The nearby resistance is at 1.436, and the key resistance that hinders strong upward movement is the previous high at 1.470.
Funding Rate: displayed at the top right at 0.0100% (which is typically the normal rate), indicating that buyers are paying sellers, but the percentage isn't extreme.
Leverage: Risk remains very high at 49x (cross).
Note: The available balance has dropped to 8.84 USDT, which means your margin of safety is very tight, and any slight pullback could jeopardize the trade.
2- Take profit strategy (targets)
Since the price has started to recover, you can target the following levels:
First target: 1.436 (medium resistance zone).
Second target: 1.455 (price level between the resistances).
Third target: 1.470 (previous high - it's advisable to exit here or secure the trade).
3- Stop-loss strategy and capital protection
Stop Loss: You should raise the stop loss now to the area of 1.397
#AXS๐ฅ๐ฅ๐ฅ
Based on the new chart for the AXSUSDT pair (futures), we observe an improvement in price compared to the first chart, with the price rising to 1.424. Here's the updated analysis:
1- Reading the technical indicators from the candlestick chart
The overall trend: the price is currently in a positive recovery phase. It has successfully bounced from the support zone at 1.382 and is now trying to establish a short-term bullish trend on the hourly timeframe.
Current resistance level: The nearby resistance is at 1.436, and the key resistance that hinders strong upward movement is the previous high at 1.470.
Funding Rate: displayed at the top right at 0.0100% (which is typically the normal rate), indicating that buyers are paying sellers, but the percentage isn't extreme.
Leverage: Risk remains very high at 49x (cross).
Note: The available balance has dropped to 8.84 USDT, which means your margin of safety is very tight, and any slight pullback could jeopardize the trade.
2- Take profit strategy (targets)
Since the price has started to recover, you can target the following levels:
First target: 1.436 (medium resistance zone).
Second target: 1.455 (price level between the resistances).
Third target: 1.470 (previous high - it's advisable to exit here or secure the trade).
3- Stop-loss strategy and capital protection
Stop Loss: You should raise the stop loss now to the area of 1.397