$AXS/USDT 1D (#BinanceFutures)Descending trendline on resistance
Axie Infinity Shards seems likely to reverse here on strong supply zone.
Current Price= 72.13
Sell Entry = 73.09 - 78.65
Take Profit= 61.57| 51.41 | 42.44
Stop Loss= 87.83
Risk/Reward= 1:1.2 | 1:2.05 | 1:2.8
Expected Profit= +18.85% | +32.24% | +44.06%
Possible Loss= -15.76%
Fib. Retracement= 0.441 | 0.786 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 3 months
Tags: #AXS #AXSUSDT #AxieInfinity #Axies #NFT #Metaverse #P2E #Gaming #DeFi #BSC #SolEco
Website: axieinfinity.com/
Contracts:
#ERC20 0xbb0e17ef65f82ab018d8edd776e8dd940327b28b
#BEP20 0x715D400F88C167884bbCc41C5FeA407ed4D2f8A0
#SPL HysWcbHiYY9888pHbaqhwLYZQeZrcQMXKQWRqS7zcPK5
#Ronin 0x97a9107c1793bc407d6f527b77e7fff4d812bece
#Harmony 0x14a7b318fed66ffdcc80c1517c172c13852865de
Current Price= 72.13
Sell Entry = 73.09 - 78.65
Take Profit= 61.57| 51.41 | 42.44
Stop Loss= 87.83
Risk/Reward= 1:1.2 | 1:2.05 | 1:2.8
Expected Profit= +18.85% | +32.24% | +44.06%
Possible Loss= -15.76%
Fib. Retracement= 0.441 | 0.786 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 3 months
Tags: #AXS #AXSUSDT #AxieInfinity #Axies #NFT #Metaverse #P2E #Gaming #DeFi #BSC #SolEco
Website: axieinfinity.com/
Contracts:
#ERC20 0xbb0e17ef65f82ab018d8edd776e8dd940327b28b
#BEP20 0x715D400F88C167884bbCc41C5FeA407ed4D2f8A0
#SPL HysWcbHiYY9888pHbaqhwLYZQeZrcQMXKQWRqS7zcPK5
#Ronin 0x97a9107c1793bc407d6f527b77e7fff4d812bece
#Harmony 0x14a7b318fed66ffdcc80c1517c172c13852865de
Trade active
First entry filledAxieInfinityShards got rejected as planned and went for 100EMA retest, not enough to reach target yet.
Trade closed: target reached
TP1 reached with +16.43% (1x) and +1.2RAxieInfinityShards kept retracing down and lost 100EMA, helped by the bad news about the hack probably.
SL updated to highest entry (78.65) to secure the trade
Trade closed: target reached
TP3 reached with +44.06% (1x) and +2.8RAXS corrected way faster than expected reaching final target within a month, trade is closed now!
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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.