#AXS moved as expected and failed to break the resistance l

Bullish

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#AXS moved as expected and failed to break the resistance level of $8.700-$8.400. The specified resistance area was not fully consumed and invalidated the bullish scenario. The price left the small ascending channel that was formed in the 4-hour time frame and fell to the support level of $6.500-$6.300. Now, it will need to rebound to continue its ascent to challenge the resistance once again . Given its history of bouncing from critical demand levels, there is a possibility that #AXS could replicate this behavior and push upwards. A breakdown below the demand area would negate the bullish outlook and potentially lead to extended declines. $AXS #DYOR

#AXS  moved as expected and failed to break the resistance level of $8.700-$8.400.
The specified resistance area was not fully consumed and invalidated the bullish scenario.
The price left the small ascending channel that was formed in the 4-hour time frame and fell to the support level of $6.500-$6.300.
Now, it will need to rebound to continue its ascent to challenge the resistance once again . Given its history of bouncing from critical demand levels, there is a possibility that #AXS could replicate this behavior and push upwards.
 
A breakdown below the demand area  would negate the bullish outlook and potentially lead to extended declines.
 
$AXS #DYOR 