AXS Forming a Falling Wedge Pattern
Updated
Newer Trader trying to improve T.A skills would appreciate any feedback or advice.
AXS seems to be forming a falling wedge pattern bouncing off strong resistance around 123 for the week in the 1hr charts. Put my positions in at $123 buy price with a 119 SL with 5x leverage.
AXS seems to be forming a falling wedge pattern bouncing off strong resistance around 123 for the week in the 1hr charts. Put my positions in at $123 buy price with a 119 SL with 5x leverage.
Note
Exited position before SL activated could see a minor a correction coming for BTC after multiple tests and rejection around 56K. Didnt anticipate a flash crash like one that took place but was a great opportunity to enter back in at a lower dollar cost average will continue to monitor BTC and AXS prices to determine a safe entry point.
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