AXS has showed weakness recently at $40, Now it just followed BTC and gets rejected below $40. With current Negative funding rate; There can be a good chance to take advantage on next dives to lower levels. It just formed two bearish order block above at current level which are located on FIB retracement's levels !
There is a stiff support below with a bullish order block located below it; So pullback from there is expected, Also you can have a safe target there ! Above mentioned resistances will be a opportunity to take LONG on AXS again and have some gains on mentioned targets.
Also have to mention that bulls will defend marked blue lines and bears will have a try to reject the pair on $39.29 marked red line.
Hope you enjoyed our analysis about AXS's possible directions🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Reached safe target and now just bounced above LONG trigger zone. So we'll take advantage on both side now ! Closing SHORTs and wait for a close above resistance zones...