๐Surge Update ๐จ
#AXS Analysis
1. Current Trend ๐
#AXS is moving in a bullish channel, which provides strong support.
2. Approaching Resistance ๐ง
The price is gradually approaching a key resistance level around $8.50 - $8.16.
3. Scenario 1:
Continuation of Upward Trend ๐
If the resistance range of $8.5 is completely consumed, the probability of continuing the upward trend is high.
A successful break above the resistance level could lead to a continuation of the upward trend.
4. Scenario 2:
Potential Downward Trendโ ๏ธ
if the specified resistance area is not completely consumed, expect a downward trend.
-Failure to break through the resistance level may result in a price correction, invalidating the bullish scenario.
5. Monitoring Strategy๐
Carefully monitor the price behavior around this resistance level to make informed trading decisions.
6. Current Outlook ๐
At the moment, there is no signal for a bearish trend on the price chart.
Stay Vigilant and Watch for Breakout Signals! ๐
