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AXSUSDT

$AXS/USDT 12h (Binance Futures) Rising wedge near resistanceAxie Infinity is hyped as hell and went parabolic leading the Non Fungible Token (NFT) market. But it seems to be forming a bearish pattern approaching its end, that could send it to a 20EMA retest! But this is not necessarily topped yet and a last leg-up is likely to short squeeze first, better wait for entries. Current Price= 26.510 Sell Entry = 29.552 - 31.888 Take Profit= 22.833 | 18.580 | 13.316 Stop Loss= 37.054 Risk/Reward= 1:1.25 | 1:1.92 | 1:2.75 Expected Profit= +25.67% | +39.52% | +56.65% Possible Loss= -20.52% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x Estimated Gain-time= 2 weeks
Short
by TradingOn