Welcome to this quick update.
I don't generally post Altcoin setups these days but I got many requests for AXS.
So here it is.
Look at the chart.
2.8 to almost 29.15 in 22 days and you think it's intelligent to hold a LONG POSITION on AXS?
I wouldn't do that no matter what.
The community is strong but I see some good traders cashed out recently.
Since this coin has been going bananas you never know it can even break $30 in few days.
My thoughts:- Accumulate short with less than 5x leverage between $25.3 to $29
IN CASE THE TREND BREAKS which already seems it can reach as low as $12.6 Golden pocket as per Fib levels.
BREAK AND CLOSE BELOW $24 confirm the downtrend.
Stop Loss:- $30.25
DYOR before taking trades.
Do hit the like button if you like my setups and share your requests/views in the comment section.
Thank you
Stay safe
#PEACE