AXS: Waiting for Long Confirmation on Breakout 📈
Updated the AXS/USDT Elliott Wave structure. The chart suggests that the corrective Wave 2 is nearing its end, potentially setting up a new bullish move.
Trade Setup:
Entry Point: I’m looking for a clean break above the upper dashed trendline followed by a successful retest. The ideal entry area is around 1.45.
Logic: A breakout and hold above this resistance will confirm the transition from correction to a new impulsive phase.
Target: The ultimate target is a return to the previous local high.
Strategy:
Entry: Buy on retest of the trendline (~1.45).
TP: Previous High.
Manage your risk and watch for volume support!
#ElliottWave #TechnicalAnalysis
#LONG✅ $AXS