$AXSUSDT LONG TRADE SETUP
$AXS is currently trading at 1.769, rebounding after a sharp dip to its 24h low of 1.643. Despite recent volatility, technical indicators show a bullish divergence within the last 14 candles, which is a strong signal for a price reversal from these current levels. While the short-term 50-day moving average is falling, the 200-day moving average has been rising since late January, suggesting a resilient long-term trend.
Target Points
TP1: 1.860 (Testing the 24h high)
TP2: 2.160 (Key resistance and recovery zo
ne)
TP3: 2.700 (Short-term bullish target)
Stop Loss
Set stop loss below 1.570 to manage risk against a break of major support.
Market Context
Sentiment: The market shows "Extreme Fear" with a score of 20, often seen as a contrarian buying opportunity as $AXS enters oversold territory.
Upcoming Events: Monitor the token unlock on February 6, where 652,500 AXS tokens (~$1.12 million) are scheduled to enter circulation, which may cause temporary price fluctuations.
Buy and Trade here on $AXS