$AXS /USDT Analysis and Future Plan

Current Market Overview:

Price: $6.212 (+1.12%)

24H High: $6.350

24H Low: $5.988

Volume: 1.08M $AXS / 6.70M USDT

Liquidation Alert: A significant long position of $29.2K was liquidated at $6.026, causing a sharp drop. The recovery attempt indicates mixed emotions in the market.

Next Steps for AXS Trading

Buy Zone:

Range: $6.05 - $6.10

This area has strong demand, as shown by the bounce after liquidation.

Targets (Short-term):

1. Target 1: $6.35

2. Target 2: $6.50

3. Target 3: $6.80 (if strong momentum continues)

Stop Loss:

Price: $5.95

Placed below the recent low to avoid further losses if the market weakens.

Technical Indicators

1. Volume (VOL): A spike in volume during the drop signals heavy market activity, which often leads to quick recovery.

2. Stoch RSI:

Current: 34.974 (oversold zone).

Recovery potential is high if the RSI moves above 50.

3. MA5 & MA10:

Price is fluctuating near the moving averages. A break above MA10 indicates bullish strength.

Strategy

Entry Plan: Wait for a price retest near $6.05 - $6.10.

Exit Plan: Gradually book profits at each target level to secure gains.

Risk Management: Stick to the stop loss and avoid over-leveraging.

Market Sentiment:

$AXS is experiencing a tug-of-war between bulls and bears. Watching the 24-hour volume and key support zones will be critical.

Trade wisely and ensure you stick to your plan!

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