Yello, Paradisers! Will #AXS finally deliver a strong upside move, or are we just seeing another setup to trap impatient bulls before a deeper drop? Let’s break down the latest #AXSUSDT structure:
💎After months inside a descending channel, #AxieInfinity has finally broken above the descending resistance, showing early signs of a potential trend reversal. The current price trades around $2.56, but history tells us a retest of lower levels is still highly possible before any sustained upside move. The soaring volume and a positive broader market outlook reinforce our bullish bias.
💎The structure is clear: the strong support zone sits between $2.20–$2.00, and this is the first critical level to watch. A healthy retest here would provide a high-probability continuation setup for bulls. Below that, the demand zone at $1.53 is the last stronghold—losing this level would invalidate the bullish scenario completely.
💎If buyers maintain control, the first upside target stands at the midterm resistance of $3.82, where some profit-taking and selling pressure are expected. A clean breakout above this zone could push the price toward the strong resistance at $4.62, where major distribution could occur.
💎However, the bullish setup becomes invalid if #AXSUSD loses the $1.53 demand zone. A confirmed daily close below this level would flip the structure bearish and open the door for a move to new lows.
Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction.
MyCryptoParadise
iFeel the success🌴
💎After months inside a descending channel, #AxieInfinity has finally broken above the descending resistance, showing early signs of a potential trend reversal. The current price trades around $2.56, but history tells us a retest of lower levels is still highly possible before any sustained upside move. The soaring volume and a positive broader market outlook reinforce our bullish bias.
💎The structure is clear: the strong support zone sits between $2.20–$2.00, and this is the first critical level to watch. A healthy retest here would provide a high-probability continuation setup for bulls. Below that, the demand zone at $1.53 is the last stronghold—losing this level would invalidate the bullish scenario completely.
💎If buyers maintain control, the first upside target stands at the midterm resistance of $3.82, where some profit-taking and selling pressure are expected. A clean breakout above this zone could push the price toward the strong resistance at $4.62, where major distribution could occur.
💎However, the bullish setup becomes invalid if #AXSUSD loses the $1.53 demand zone. A confirmed daily close below this level would flip the structure bearish and open the door for a move to new lows.
Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction.
MyCryptoParadise
iFeel the success🌴
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🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.