weslad

AXSUSDT Trading opportunity

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BINANCE:AXSUSDT   AXS / TetherUS
AXSUSDT is trading within a descending broadening wedge pattern, forming an extended correction. The price is nearing the topside trendline of the pattern. A breakout above this trendline could lead the price towards our stated targets on the chart.

Meanwhile, focus should be on the Demand range, which serves as an important accumulation zone. The price action around the topside trendline of the descending broadening wedge must be closely watched, If the price breaks above the trendline, look for long positions targeting the breakout levels stated on the chart.

Finally, attention should be on the Demand range as an important accumulation zone for potential long positions. Then long stoploss should be placed below the demand area.
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AXS breakout of the accumulation zone, it is time for rally. Our position still active the stop did not trigger.


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