$AXS/USDT 12h (#Bybit) Ascending triangle breakout and retest

Axie Infinity Shard is pulling back to 50MA support, a bounce leading to another bullish move towards 200MA resistance seems likely.

⚡️⚡️ #AXS/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.3X)
Amount: 7.0%

Current Price:
7.665

Entry Targets:
1) 7.310

Take-Profit Targets:
1) 9.725

Stop Targets:
1) 5.695

Published By: @Zblaba

Risk/Reward= 1:1.5
Expected Profit= +42.95%
Possible Loss= -28.72%

Trade closed: target reached

Closed with +0.2R

AxieInfinityShard bounced way lower than expected, almost stopping us out.
Now back in slight profit, let's close here and wait for a clearer opportunity!

Note

TP would have been reached with +1.5R

AxieInfinityShard regained 200MA and went for original target after all, if only we stuck to the plan...
If you held that far, we highly recommend to Take Profit and wait for a new opportunity!

TradingOn

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