AXSUSDT.P trade ideas
AXS Rally Coming to an END!!!BINANCE:AXSUSDTPERP
AXS is one of the coin in which most of the traders are constantly looking for a short position, cause you know it pumped like crazy. But, the problem is that it goes down for a little while, then again it pumps heavily. This is because market structure is still Bullish. Hence, I am going to tell you when to Take a Short Entry. As you can see its moving in a Rising Wedge Pattern on 2 HR Chart, there is a Divergence and Symmetrical Triangle on the RSI and Lastly the PI CYCLE Indicator (mostly used in Bitcoin Charts) will soon declare the top.
ENTRY: On the Exit of Rising Wedge (Stay Aware on this point as we might see a bounce here)
STOPLOSS: Above Previous Swing High
LEVERAGE: x5 MAX
TAKE PROFIT: On the Horizontal Price Levels, which are Previous Supports.
This is my First Published Idea. If you Appreciated it, then click the like Button. If you Have any Query, be sure to ask it in the comment section.
Will Soon put more updates Regarding this Coin.
THANK YOU & GOOD LUCK!!!
*Not a Financial Advise.
