Hi friends! AXS move in the falling wedge and can breakout it after some pullback to the lower boundary. It will be good to see some trap with wedge. ๐ฅThe long and short traders will be trapped, if the price will fall below the wedge and become the fuel๐ฅ for futher growth: 1. stops of long traders will be activated 2. sell limits of short traders will be activated also
๐ฉAfter this, the price can pump and liquidate short traders. The long traders who were trapped will try to open their long on this impulse but iopen it at highs. Always the same.
๐ Preconditions to open a long: ๐ฅ false breakout of the falling wedge down or test the lower boundary of this wedge ๐ฅ volume growth which confirms the pressence of buyer and our scebario with trap long and short traders ๐ฅ bullish BTC help all the ALTs make a huge pullback
DOM and Footprint tools that i use fot scalping and swing trading show me the real orders of the BIG players which will accumulate AXS at the bottom.
๐The targets: 1. $19.7-22 - the closest value area and resistance 2. $28.6-30.3 - the value area and even number
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.