AXS BUY
Updated
Based on the provided chart for AXS/USDT on a 1-day timeframe from Binance, here's a detailed trading plan:
### Entry Point
- **Entry Zone**: Between 6.420 and 7.190 USDT
- This range represents a significant support zone where the price is likely to find buying interest.
### Target (Take Profit) Levels
- **First Target (TP1)**: 8.913 USDT
- This level is the nearest target where the price is likely to encounter resistance.
- **Second Target (TP2)**: 9.890 USDT
- This level aligns with previous resistance and is a reasonable next target.
- **Third Target (TP3)**: 10.709 USDT
- This level is a higher resistance zone and aligns with previous price action.
- **Fourth Target (TP4)**: 12.619 USDT
- This level is a higher resistance level and a long-term target.
### Stop Loss
- **Stop Loss**: 5.736 USDT
- This stop loss level is set below the support zone to protect against a deeper downside move.
### Key Levels and Observations
- **Resistance Levels**:
- 8.913 USDT
- 9.890 USDT
- 10.709 USDT
- 12.619 USDT
- **Support Levels**:
- 7.190 USDT (upper entry zone)
- 6.420 USDT (lower entry zone)
### Technical Indicators
- **Volume Profile**: Shows high trading activity around the entry zone, suggesting strong interest and potential support.
- **ABCD Pattern**: Indicates the potential price move based on the harmonic pattern, suggesting possible retracement levels and target zones.
### Trade Plan Summary
1. **Enter** the trade within the 6.420 to 7.190 USDT range.
2. **Set Stop Loss** at 5.736 USDT to manage risk.
3. **Target Levels**:
- **First Target (TP1)** at 8.913 USDT.
- **Second Target (TP2)** at 9.890 USDT.
- **Third Target (TP3)** at 10.709 USDT.
- **Fourth Target (TP4)** at 12.619 USDT.
Always remember to manage your risk appropriately and adjust your trade parameters based on market conditions.
### Entry Point
- **Entry Zone**: Between 6.420 and 7.190 USDT
- This range represents a significant support zone where the price is likely to find buying interest.
### Target (Take Profit) Levels
- **First Target (TP1)**: 8.913 USDT
- This level is the nearest target where the price is likely to encounter resistance.
- **Second Target (TP2)**: 9.890 USDT
- This level aligns with previous resistance and is a reasonable next target.
- **Third Target (TP3)**: 10.709 USDT
- This level is a higher resistance zone and aligns with previous price action.
- **Fourth Target (TP4)**: 12.619 USDT
- This level is a higher resistance level and a long-term target.
### Stop Loss
- **Stop Loss**: 5.736 USDT
- This stop loss level is set below the support zone to protect against a deeper downside move.
### Key Levels and Observations
- **Resistance Levels**:
- 8.913 USDT
- 9.890 USDT
- 10.709 USDT
- 12.619 USDT
- **Support Levels**:
- 7.190 USDT (upper entry zone)
- 6.420 USDT (lower entry zone)
### Technical Indicators
- **Volume Profile**: Shows high trading activity around the entry zone, suggesting strong interest and potential support.
- **ABCD Pattern**: Indicates the potential price move based on the harmonic pattern, suggesting possible retracement levels and target zones.
### Trade Plan Summary
1. **Enter** the trade within the 6.420 to 7.190 USDT range.
2. **Set Stop Loss** at 5.736 USDT to manage risk.
3. **Target Levels**:
- **First Target (TP1)** at 8.913 USDT.
- **Second Target (TP2)** at 9.890 USDT.
- **Third Target (TP3)** at 10.709 USDT.
- **Fourth Target (TP4)** at 12.619 USDT.
Always remember to manage your risk appropriately and adjust your trade parameters based on market conditions.
Note
still valid
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