Welcome to this quick update. I don't generally post Altcoin setups these days but I got many requests for AXS. So here it is.
Look at the chart. 2.8 to almost 29.15 in 22 days and you think it's intelligent to hold a LONG POSITION on AXS? I wouldn't do that no matter what. The community is strong but I see some good traders cashed out recently.
Since this coin has been going bananas you never know it can even break $30 in few days.
My thoughts:- Accumulate short with less than 5x leverage between $25.3 to $29
IN CASE THE TREND BREAKS which already seems it can reach as low as $12.6 Golden pocket as per Fib levels.
BREAK AND CLOSE BELOW $24 confirm the downtrend.
Stop Loss:- $30.25
DYOR before taking trades. Do hit the like button if you like my setups and share your requests/views in the comment section.
Thank you
Stay safe
#PEACE
Not
AXS pumped into our entry zones 15 hours back to $27. Our average short entry was around 26.55 AXS dumped all the way to $21.25 which is almost 20% from our entry giving us 100% profit with 5X leverage. Technically it just broke the .23 fib level. I took partial Profits here, closed 25% position around $21.5.
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