How to hold cash? How high can it go?

AXS's major ups and downs! Are you ready to seize the opportunity for a breakthrough at $9?
1. Market Analysis
Current price of AXS: $8.756, daily high $9.881, daily low $8.313. After a period of fluctuation, AXS is now close to the support level of $8.70. If the price breaks through the resistance zone of $9.00, it may quickly challenge $10 in the short term, or even higher.
2. Technical Analysis
Support Levels:
$8.50: This is a key support level in the short term. If the price retraces to this level, there is expected to be some buying interest, pushing the price upwards. $8.30: If this level is broken, AXS may continue to decline, with the next support potentially around $8.00. $8.00: If the price drops to around $8.00, the bearish pressure is significant, which may trigger a deeper adjustment.
Resistance Levels:
$9.00: After breaking this resistance level, AXS is expected to continue its upward momentum, targeting close to $9.50. $9.50: If it continues to rise after breaking $9.00, $9.50 will be the next strong resistance zone. $10.00: If $9.50 is broken, AXS has great upward potential and may challenge $10.00 and above.
3. Short-term Contract Strategy
Long Strategy:
Entry Point: $8.70 Stop Loss: $8.30 Take Profit: $9.50
If the price breaks through $9.00, continue to go long, with the target price set at $9.50.
Short Strategy:
Entry Point: $9.50 Stop Loss: $9.80 Take Profit: $8.70
If the price fails to break $9.00 and retraces, consider going short, entering near $9.50, with a target at the support of $8.70.

AXS is expected to challenge $9.50 after breaking $9.00, further rising to $10.00! If it falls below the support of $8.30, bears may dominate, and the price may retrace to $8.00.
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$AXS