BINANCE:AXSUSDT   AXS / TetherUS
Based on the provided chart for AXS/USDT on a 1-day timeframe from Binance, here's a detailed trading plan:

### Entry Point
- **Entry Zone**: Between 6.420 and 7.190 USDT
- This range represents a significant support zone where the price is likely to find buying interest.

### Target (Take Profit) Levels
- **First Target (TP1)**: 8.913 USDT
- This level is the nearest target where the price is likely to encounter resistance.
- **Second Target (TP2)**: 9.890 USDT
- This level aligns with previous resistance and is a reasonable next target.
- **Third Target (TP3)**: 10.709 USDT
- This level is a higher resistance zone and aligns with previous price action.
- **Fourth Target (TP4)**: 12.619 USDT
- This level is a higher resistance level and a long-term target.

### Stop Loss
- **Stop Loss**: 5.736 USDT
- This stop loss level is set below the support zone to protect against a deeper downside move.

### Key Levels and Observations
- **Resistance Levels**:
- 8.913 USDT
- 9.890 USDT
- 10.709 USDT
- 12.619 USDT
- **Support Levels**:
- 7.190 USDT (upper entry zone)
- 6.420 USDT (lower entry zone)

### Technical Indicators
- **Volume Profile**: Shows high trading activity around the entry zone, suggesting strong interest and potential support.
- **ABCD Pattern**: Indicates the potential price move based on the harmonic pattern, suggesting possible retracement levels and target zones.

### Trade Plan Summary
1. **Enter** the trade within the 6.420 to 7.190 USDT range.
2. **Set Stop Loss** at 5.736 USDT to manage risk.
3. **Target Levels**:
- **First Target (TP1)** at 8.913 USDT.
- **Second Target (TP2)** at 9.890 USDT.
- **Third Target (TP3)** at 10.709 USDT.
- **Fourth Target (TP4)** at 12.619 USDT.

Always remember to manage your risk appropriately and adjust your trade parameters based on market conditions.
Comment:
still valid

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.