๐น $AXS โ Bullish Structure Intact, Buyers Still in Control
$AXS has shown a strong upside expansion, where the price crossed the prior base with a clean breakout and then we saw a clear follow-through from buyers.
The pullback that occurred after the breakout (from 2.49) was quite controlled โ sellers failed to push the price below the short-term support, which clearly shows the strength of demand.
The price is still holding above rising EMAs, which signals that instead of selling on dips, buying interest is coming in. Overall, the market structure has flipped to the bullish side, and as long as key support continues to be defended, the move will only be considered a corrective pullback, not a trend reversal.
๐ Trade Idea โ Long $AXS
Entry: 2.34 โ 2.38
Stop Loss: 2.18
Targets:
TP1: 2.50
TP2: 2.65
TP3: 2.85
As long as the price holds above 2.18, the case for bullish continuation remains valid and a push towards higher targets can be expected.
๐ Trade $AXS with discipline & proper risk management.
$AXS has shown a strong upside expansion, where the price crossed the prior base with a clean breakout and then we saw a clear follow-through from buyers.
The pullback that occurred after the breakout (from 2.49) was quite controlled โ sellers failed to push the price below the short-term support, which clearly shows the strength of demand.
The price is still holding above rising EMAs, which signals that instead of selling on dips, buying interest is coming in. Overall, the market structure has flipped to the bullish side, and as long as key support continues to be defended, the move will only be considered a corrective pullback, not a trend reversal.
๐ Trade Idea โ Long $AXS
Entry: 2.34 โ 2.38
Stop Loss: 2.18
Targets:
TP1: 2.50
TP2: 2.65
TP3: 2.85
As long as the price holds above 2.18, the case for bullish continuation remains valid and a push towards higher targets can be expected.
๐ Trade $AXS with discipline & proper risk management.