Everyone is chasing $AXTI after this 16% rally… but I'm asking a different question.
AXTI just exploded from the 53.75 low and is now trading around 71.7, almost retesting today's high. Momentum is clearly bullish, but the price is also approaching a key resistance where many traders may start taking profits.
My view:
Trend remains bullish on the 1H timeframe.
As long as the price holds above 68–69, buyers are still in control.
A clean breakout above 72 could open the door for another leg higher.
If support fails, a pullback toward 66–68 wouldn't be surprising.
I'm not interested in FOMO entries after a strong green candle. I'd rather wait for confirmation than chase the move and get trapped.
Trading isn't about catching every pump it's about taking high-probability setups with controlled risk.
What's your plan for AXTI? Are you buying the breakout or waiting for a pullback?
$AXTI #Trading #BinanceSquare #Crypto #Altcoins
AXTI just exploded from the 53.75 low and is now trading around 71.7, almost retesting today's high. Momentum is clearly bullish, but the price is also approaching a key resistance where many traders may start taking profits.
My view:
Trend remains bullish on the 1H timeframe.
As long as the price holds above 68–69, buyers are still in control.
A clean breakout above 72 could open the door for another leg higher.
If support fails, a pullback toward 66–68 wouldn't be surprising.
I'm not interested in FOMO entries after a strong green candle. I'd rather wait for confirmation than chase the move and get trapped.
Trading isn't about catching every pump it's about taking high-probability setups with controlled risk.
What's your plan for AXTI? Are you buying the breakout or waiting for a pullback?
$AXTI #Trading #BinanceSquare #Crypto #Altcoins