š„$AXS Bullish Retracement (Corrective Pullback Within Uptrend)
ā¢ Kline formed a bullish engulfing pattern with 25.6M volume (2.61x avg), confirming momentum shift.
ā¢ Recent 1H candles show long wicks below bodies, indicating rejection of lower prices.
ā¢ Recent 1h candles show declining volume during pullbacks (last candle: 38K vs avg 10M), suggesting weak selling pressure. The explosive volume spike 25.6M at 2.774 breakout confirms institutional accumulation.
ā¢ Spot: Net inflows over 6H-8H (+815k USDT) indicate retail accumulation.
Entry long $AXS : 2.593-2.650 (Support /MA20 confluence)
Stop-Loss: 2.459 (below recent swing low)
Take-Profit $AXS
ā¢ TP1: 2.89
ā¢ TP2: 2.97 (Resistance zone)
Support me just Click below to Trade š Cheers
While short-term overbought, the capital flow alignment (whale accumulation spot inflows), higher low structure, and volume-supported breakout suggest upside toward 2.895-2.974.
A close below 2.593 invalidates the thesis, requiring immediate exit. #axs #axsusdt #AxieInfinity