AXS, like the rest of the market, is now in a state of local consolidation. If bitcoin declines further, AXS could also correct heavily. Good entry points should be expected at the moment. If there is a squeeze and a breakout of a key level, there could be a good buying opportunity. Also in case of a strong drop, a bounce from the liquidity zone below could be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.