$AXS $AXS 3h | Technical Outlook
- Price is currently in a short-term consolidation above key supports, with a tilt toward a bounce if buyers step in at 1.009/1.000.
- My primary expectation is a possible move upward as long as 1.009/1.000 holds, targeting 1.023 and potentially 1.035. If momentum is strong, 1.077 could come into play next.
- Example long setup: Enter on a bullish reversal candle at 1.009/1.000, targeting 1.023 and 1.035. Wait for a bullish pin bar or engulfing candle for confirmation. Place stops below the recent swing low.
- If price fails to hold 1.000 and closes below 0.978, I would shift my bias to bearish, targeting 0.944 and 0.919, looking for a retest and rejection for possible shorts at those levels.
- This is a choppy market, so patience for a clear signal is key. Watch for liquidity grabs below 1.000 as a possible trap before a rebound.
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