AXS/USDT (6H) – Downtrend Resistance Test in Progress
Pattern: Descending Trendline Breakout
Timeframe: 6-Hour ⏱️
Pair: AXS/USDT 💱
Published: June 11, 2025 📅
Technical Overview:
AXS/USDT is approaching a key descending trendline that has capped price action since early June. Price is testing this dynamic resistance and showing signs of potential breakout momentum 📈
Potential Trade Setup:
Bullish Scenario ✅
Entry: On breakout and 6H candle close above 2.800–2.850
Targets:
* TP1: 3.000–3.100 🎯
* TP2: 3.300–3.400 🎯
Stop-loss: Below 2.600–2.650 🛑
Risk Management ⚠️
Wait for volume confirmation to avoid fakeouts. Rejection at the trendline could lead to more downside or consolidation.
Conclusion:
AXS is at a critical resistance zone. A clean breakout above the trendline may lead to a bullish reversal and upside continuation 📊🔍
Pattern: Descending Trendline Breakout
Timeframe: 6-Hour ⏱️
Pair: AXS/USDT 💱
Published: June 11, 2025 📅
Technical Overview:
AXS/USDT is approaching a key descending trendline that has capped price action since early June. Price is testing this dynamic resistance and showing signs of potential breakout momentum 📈
Potential Trade Setup:
Bullish Scenario ✅
Entry: On breakout and 6H candle close above 2.800–2.850
Targets:
* TP1: 3.000–3.100 🎯
* TP2: 3.300–3.400 🎯
Stop-loss: Below 2.600–2.650 🛑
Risk Management ⚠️
Wait for volume confirmation to avoid fakeouts. Rejection at the trendline could lead to more downside or consolidation.
Conclusion:
AXS is at a critical resistance zone. A clean breakout above the trendline may lead to a bullish reversal and upside continuation 📊🔍
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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.
🚀 Join My Telegram Community for FREE trading signals, entry/exit points, and instant updates!
👉 t.me/cryptobyghazii
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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.