InkyGrip

AXSUSDT is creating a falling wedge

Long
BINANCE:AXSUSDT   AXS / TetherUS
the price is creating a falling wedge on the 0.618 Fibonacci level on the daily timeframe.
the price lost an important support at 61.3 Weekly support.

How to approach?
The price needs to hold the 0.618 Fibonacci level and got liquidity for a reaction from that level. IF the price is going to flip the weekly resistance, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
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.