🔥$AXS Bullish Consolidation
• The price recently tested the 24H high 2.719 but faced rejection, forming a resistance zone near 2.55-2.65 (R1-R2).
• Support is found near 2.377 and the MA20 2.463). A break below 2.377 could lead to a test of lower support 2.290
The K-line shows a strong bullish candle from 1.967 to 2.255 (with high volume), confirming buyer strength. However, recent candles are showing indecision (doji patterns), indicating consolidation.
Entry long $AXS :
• Ideal entry near support: 2.38-2.42 USDT (near Support and MA20).
• Alternatively, a breakout above 2.553 (resistance) with increasing volume could be used for entry.
Stop-Loss: if entry at 2.40, SL at 2.328. This aligns recent volatility.
Target Price $AXS
•Primary target: 2.640 (resistance level)
• Secondary target: 2.727 (next resistance)
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