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DEFI-trader
Aug 1, 2021 2:11 PM

AXS - Probable scenario  Short

AXS / TetherUSBinance

Description

Please see chart for details.

Comment


Check the updated idea. Trade still in play.
Since the VWAP is dynamic and moving with time, price targets may be adjusted to around 26usd area.
Comments
adib125
Perfect
I think dump soon with technical analyses ....
Alirezakashian
Still AXS is going up.. Each project has its own potentials.. I think when sudden bubbles happen, then it will burst... any gradual growth is genuine. The rest is only bubble..
Could you please share with us, what is the maximum price you see as potential for AXS for today and next 7 days?
DEFI-trader
@Alirezakashian sure! If it was to invalidate my bearish trade, we may have a final push up to the 60-63 usd area. So, even if it was to happen , the risk-reward it is not there to enter in a trade. Check SLP, if you are looking for an ABC correction and the start of a new uptrend(risk-reward much higher). Also, please go to my profile and have a look at my other charts I posted. Don’t hesitate to ask more questions! ;)
DEFI-trader
@Alirezakashian my personal opinion , i see the 35 usd area for next week. This is a game of probabilities.. remember that. I may be wrong
DEFI-trader
If you are planning to enter in a trade right now, wait for price to be near strong support areas. And wait for price to get supported with long wicks for a few days.
Zaidy_59
@DEFI-trader I had a long trade at 45$ with a liquidation price of 36 kindly reply me a good suggestion ...!
DEFI-trader
@princezaid314 if the liquidation price is at more than 4% of your portfolio, then close the trade and cut loses.
DEFI-trader
@princezaid314 staring chances we are going to those levels. I am not a financial advisor buddy. But i think you bought the top. Let’s see
Zaidy_59
@DEFI-trader i know i did a mistake i am in $5600 loss.....what should i do ? may i low liquidation price to $25 or bear a huge loss ?
brainyLion29049
@princezaid314, same
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