AXS/USDT : No longer supported by bulls [Negative funding rate]

AXSUSDT
Hello everyone 😃

AXS has showed weakness recently at $40, Now it just followed BTC and gets rejected below $40.
With current Negative funding rate; There can be a good chance to take advantage on next dives to lower levels.
It just formed two bearish order block above at current level which are located on FIB retracement's levels !

There is a stiff support below with a bullish order block located below it; So pullback from there is expected, Also you can have a safe target there !
Above mentioned resistances will be a opportunity to take LONG on AXS again and have some gains on mentioned targets.

Also have to mention that bulls will defend marked blue lines and bears will have a try to reject the pair on $39.29 marked red line.

Hope you enjoyed our analysis about AXS's possible directions🙌
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Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades

Commentaire:

Reached safe target and now just bounced above LONG trigger zone.
So we'll take advantage on both side now !
Closing SHORTs and wait for a close above resistance zones...