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【$AXS Signal】Pullback continuation | 1H selling pressure released, buying support clearly intended
$AXS RSI 4H surged to 73.52, after selling pressure was released on the 1H chart, buying interest reassembled, deep imbalance -12.06% but dense orders below. Current price 1.499, chasing long directly is risky, wait for the 1.492 order to buy.
🎯Direction: Long (limit order)
⚡Entry order: 1.492 (recommended upper limit of the range)
🛑Stop loss: 1.172
🚀Target 1: 1.499
🚀Target 2: 1.506
🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss to break-even. If price falls back to entry level, exit automatically. Very low risk-reward ratio, but this is the first pullback after this wave of rally, a game of catching the needle for a second surge.
Depth logic: 4H MACD bars shrinking but still above zero, 1H volume decreasing, bearish momentum exhausted. Funding rate -0.0733%, under negative rate prices remain firm, risk of short squeeze exists. Long stop loss is very far, actual risk is limited.
View real-time market 👇 $AXS
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