$AXS
AXS Alert: Deep Oversold Territory! Is a Bounce Imminent? 📉🚀
Post Content:
The market is bleeding, and AXS/USDT has taken a massive hit, dropping over 23% in the last 24 hours. But for smart traders, blood in the streets often means opportunity! 🩸👀
The Technical Breakdown:
RSI at Extreme Levels: On the 1H chart, the RSI has crashed to 18.4. This is deep Oversold territory. Usually, when RSI hits these levels, a "Relief Bounce" or a technical correction to the upside is highly likely.
Support Test: AXS is currently hovering around the $2.05 support zone. Buyers are trying to defend this level.
Bollinger Bands: Price is hugging the lower band, suggesting the selling pressure might be reaching an exhaustion point.
🎯 Potential Trade Setup (Scalp):
Entry Zone: $2.05 - $2.07
Target 1: $2.18 (Immediate resistance)
Target 2: $2.25 (Mid-term recovery)
Target 3: $2.37 (EMA 20 touch)
Stop Loss: $1.98 (Strictly follow this to manage risk!)
Caution: The trend is still bearish, so don't go "All-in." Use proper risk management and look for a green reversal candle before jumping in!
What’s your move? Are you Buying the Dip or waiting for lower levels? Let’s discuss below! 👇
#AXS #CryptoTrading #BuyTheDip #TechnicalAnalysis #BinanceSquare #Altcoins