AXSUSDT Bullish

2021년 7월 18일

What we're seeing is a formation of something called a bear trap. It's a bullish sign for reversal.


Previously, we're thinking it's a bubble. But apparently, the market tells us otherwise.

We'll consider this as a monster stock when it breaches at the all time high of 29.20 with strength.

However, we need to monitor any signs of weakness. For example, a formation of lower high would mean a sign weakness. Thus, the deal is off.

2021년 7월 18일

노트

At the very least, if it wants to continue going down, we want to see it will go back in its downtrend channel. Alternatively, a formation downward channel would also be sufficient for invalidation. From there, we'll need to study again.

2021년 7월 19일

주문취소됨

This is already invalidated by the new downtrend channel line.

But based on its graph, it doesn't necessarily to do a short.

We'll be waiting for a new setup