$AXS Signal】1H Bullish momentum weakening, waiting for a pullback to go long


RSI skyrocketed to 92.91, the 4H Bollinger Band upper band at 1.4135 was directly broken through. 1H MACD red histogram shrinking, bullish buying strength decreasing, clear signs of distribution at high levels.
Funding rate -0.3711%, bears are being squeezed but price remains firm, indicating possible support from major funds?
Buy volume is decreasing despite this.
Chasing longs at this level has a poor risk-reward ratio, better to miss the opportunity than make a mistake.
🎯Direction: Long (place order)
⚡Entry/Order: 1.587 (limit order, waiting for a pullback)
🛑Stop loss: 1.144
🚀Target 1: 1.601
🚀Target 2: 1.608
🛡Trade management: After reaching Target 1, reduce position by 50%, move stop loss up to 1.587 to break even.
If the price drops below 1.587, exit automatically.
Currently, the risk of chasing high is very high; wait for the price to return near EMA20 before considering.
Support level on 1H is 1.3148 (EMA20_1h); if retested, add to the position, but confirmation is needed.
Check real-time market 👇 $AXS
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AXS37.82%
BTC-0.29%
ETH-0.18%
SOL-0.73%
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