Bias: Neutral to Bullish
Description: AXS/USDT has been consolidating, as evidenced by the price moving sideways and the RSI hovering around the neutral 50 level, suggesting indecision in the market.
Direction: Possible Breakout or Continuation
Entry: A possible strategy would be to enter on a confirmed breakout above the consolidation pattern with increased volume, which may signal a continuation of the previous uptrend.
Stop Loss: A prudent stop loss could be placed just below the most recent low or the consolidation area to mitigate the risk of a false breakout.
Targets: Profit targets could be established near historical resistance levels or at a measured move equal to the size of the previous uptrend.
Caution: If the price breaks down from the consolidation pattern, the bullish scenario would be invalidated, and a reassessment of the market conditions would be necessary.
Description: AXS/USDT has been consolidating, as evidenced by the price moving sideways and the RSI hovering around the neutral 50 level, suggesting indecision in the market.
Direction: Possible Breakout or Continuation
Entry: A possible strategy would be to enter on a confirmed breakout above the consolidation pattern with increased volume, which may signal a continuation of the previous uptrend.
Stop Loss: A prudent stop loss could be placed just below the most recent low or the consolidation area to mitigate the risk of a false breakout.
Targets: Profit targets could be established near historical resistance levels or at a measured move equal to the size of the previous uptrend.
Caution: If the price breaks down from the consolidation pattern, the bullish scenario would be invalidated, and a reassessment of the market conditions would be necessary.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.