Yello could this #AXSUSDT breakout be the start of something big, or is it the perfect setup to liquidate the impatient before the real move? After weeks of being trapped inside a grinding descending channel, price has finally punched through resistance… but the market is never that generous without a catch.
💎For nearly a month, #AXS kept bouncing between descending resistance and support, with every bullish attempt slapped back down. That pattern ended when price broke cleanly above $2.40, flipping a stubborn resistance level into fresh support. This is a textbook Break of Structure (BOS) and a sign that buyers are finally stepping in with force.
💎The $2.10 to $2.20 demand zone remains the ultimate foundation for bulls. As long as it holds, market sentiment stays in their favor. The newly reclaimed $2.40 to $2.45 area now acts as immediate support, and losing it could invite a quick reversal back into the previous bearish structure. On the upside, $2.70 stands as the first key level where sellers might reappear, while a decisive breakout above $2.90 could trigger a rapid rally. If price closes below $2.10, the bullish case collapses entirely and the downtrend resumes.
💎The MACD has just printed a bullish cross with rising histogram bars, reinforcing the breakout momentum. Still, experienced traders know that such breakouts often retrace sharply before continuing higher, shaking out weak hands along the way.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
💎For nearly a month, #AXS kept bouncing between descending resistance and support, with every bullish attempt slapped back down. That pattern ended when price broke cleanly above $2.40, flipping a stubborn resistance level into fresh support. This is a textbook Break of Structure (BOS) and a sign that buyers are finally stepping in with force.
💎The $2.10 to $2.20 demand zone remains the ultimate foundation for bulls. As long as it holds, market sentiment stays in their favor. The newly reclaimed $2.40 to $2.45 area now acts as immediate support, and losing it could invite a quick reversal back into the previous bearish structure. On the upside, $2.70 stands as the first key level where sellers might reappear, while a decisive breakout above $2.90 could trigger a rapid rally. If price closes below $2.10, the bullish case collapses entirely and the downtrend resumes.
💎The MACD has just printed a bullish cross with rising histogram bars, reinforcing the breakout momentum. Still, experienced traders know that such breakouts often retrace sharply before continuing higher, shaking out weak hands along the way.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
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.