I’m taking a long position on $AXS after the recent bullish move and the way price is holding above the $1.063–$1.069 key support zone. This area is important because price has previously reacted around this level, and after breaking above it, AXS is now consolidating around the same zone instead of immediately losing the breakout.
My trade setup is Long AXS at market price around $1.075. My stop loss is $1.031, while my main take-profit target is $1.211. I’m also watching $1.221 as a major resistance level because it sits above my TP and could become the next important area if momentum continues.
The main reason I’m taking this trade is the change in short-term market structure. $AXS has moved strongly from the $0.90 area, created higher highs and higher lows, and pushed through the $1.063 resistance zone. Instead of immediately breaking back below it, price is currently consolidating above the level. For me, that creates a potential **breakout-and-retest structure, with the $1.063–$1.069 area acting as support.
If buyers maintain control and AXS continues holding above this zone, I’m expecting a move toward $1.211, with the $1.221 resistance being the key area to watch afterward. If price breaks back below my invalidation level at $1.031, the bullish setup would no longer be valid. This is my technical-analysis setup and not financial advice. $BNB
My trade setup is Long AXS at market price around $1.075. My stop loss is $1.031, while my main take-profit target is $1.211. I’m also watching $1.221 as a major resistance level because it sits above my TP and could become the next important area if momentum continues.
The main reason I’m taking this trade is the change in short-term market structure. $AXS has moved strongly from the $0.90 area, created higher highs and higher lows, and pushed through the $1.063 resistance zone. Instead of immediately breaking back below it, price is currently consolidating above the level. For me, that creates a potential **breakout-and-retest structure, with the $1.063–$1.069 area acting as support.
If buyers maintain control and AXS continues holding above this zone, I’m expecting a move toward $1.211, with the $1.221 resistance being the key area to watch afterward. If price breaks back below my invalidation level at $1.031, the bullish setup would no longer be valid. This is my technical-analysis setup and not financial advice. $BNB
