TradingOn

$AXS/USDT 4h (Binance Futures)Ascending trendline break & retest

Short
BINANCE:AXSUSDT.P   AXS / TetherUS PERPETUAL CONTRACT
Axie Infinity has broken out of that wedge and made a nice recovery but seems to be approaching resistance again.

Current Price= 19.124
Sell Entry = 20.280 - 22.100
Take Profit= 17.302 | 14.759 | 12.664
Stop Loss= 24.307

Risk/Reward= 1:1.25 | 1:2.06 | 1:2.74
Expected Profit= +18.35% | +30.35% | +40.24%
Possible Loss= -14.71%

Fib. Retracement= 0.5 | 0.893 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.