AXSUSD | LONG | NFT Gaming Bounce + Short Squeeze Potential | (May 19, 2025)
1️⃣ Insight Summary:
AXS, the token behind Axie Infinity, is setting up for a potential short squeeze. With NFT gaming interest reviving and key support holding, a move higher could unfold soon.
2️⃣ Trade Parameters:
Bias: Long
Entry: Around $2.27
Stop Loss: $1.40
TP1: $3.00
TP2: $4.59
TP3 (Extended Target): $6.68
Setup Trigger: Watching for confirmation of breakout above $2.27 area — potential for straight-angle move forming on the daily timeframe
3️⃣ Key Notes:
🎮 Fundamental Context: AXS is the native token of the Axie Infinity ecosystem, built by Sky Mavis. It was one of the earliest and most notable play-to-earn NFT games, allowing players to collect, trade, and battle digital creatures called Axies (NFTs).
🏦 Use Cases: AXS is used for governance, staking, and in-game currency.
🤝 Backers & Partners: Backed by firms like a16z, Binance, and partnerships with esports orgs like Cloud9.
⚔️ Challenges: Economic sustainability and competition from platforms like The Sandbox and Gala Games.
📉 Technical View: Currently moving in a sharp angled pattern on the daily chart. A confirmed breakout above $2.27 could trigger a long squeeze up toward $3 and beyond.
4️⃣ Follow-up Note:
I’ll keep an eye on this and may post updates if we break through the first level or if sentiment shifts. Let me know if you want a chart overlay or trade tracking template.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.
Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.
1️⃣ Insight Summary:
AXS, the token behind Axie Infinity, is setting up for a potential short squeeze. With NFT gaming interest reviving and key support holding, a move higher could unfold soon.
2️⃣ Trade Parameters:
Bias: Long
Entry: Around $2.27
Stop Loss: $1.40
TP1: $3.00
TP2: $4.59
TP3 (Extended Target): $6.68
Setup Trigger: Watching for confirmation of breakout above $2.27 area — potential for straight-angle move forming on the daily timeframe
3️⃣ Key Notes:
🎮 Fundamental Context: AXS is the native token of the Axie Infinity ecosystem, built by Sky Mavis. It was one of the earliest and most notable play-to-earn NFT games, allowing players to collect, trade, and battle digital creatures called Axies (NFTs).
🏦 Use Cases: AXS is used for governance, staking, and in-game currency.
🤝 Backers & Partners: Backed by firms like a16z, Binance, and partnerships with esports orgs like Cloud9.
⚔️ Challenges: Economic sustainability and competition from platforms like The Sandbox and Gala Games.
📉 Technical View: Currently moving in a sharp angled pattern on the daily chart. A confirmed breakout above $2.27 could trigger a long squeeze up toward $3 and beyond.
4️⃣ Follow-up Note:
I’ll keep an eye on this and may post updates if we break through the first level or if sentiment shifts. Let me know if you want a chart overlay or trade tracking template.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.
Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.
2 Ways I can help you | Real Trades. Real Edge
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
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.
2 Ways I can help you | Real Trades. Real Edge
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
1️⃣ The 4 Steps to Improve Your Trading Immediately: tradinggen.services/mohamad-link/
2️⃣ Get trade setups & breakdowns Here: t.me/TradeSimple_with_Mo
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.