AXS has been trading within a falling wedge pattern—a classic bullish reversal setup. Recently, the price broke above the upper resistance line of the wedge, indicating a potential trend reversal.
This breakout is supported by a long-term downtrend losing momentum, and a breakout confirmation through a retest may be forming. If the breakout holds, we could see a bullish move toward the next key resistance zone around 6.50 USDT, which is our primary target.
📌 Setup Summary:
Pattern: Falling Wedge (Bullish)
Breakout: Confirmed
Target: 6.50 USDT (TP)
Risk Management: Watch for price action near the retest zone
This setup aligns with our smart bot strategy which identifies breakout patterns and entry points automatically. Stay tuned for updates!