As a senior market analyst, a comprehensive analysis of the AXS/USDT 4-hour chart reveals a high-probability trading opportunity. Currently, the market structure is transitioning from a long-term downtrend to a clear sideways consolidation phase. Although the price is still below the long-term EMA(99) line (0.909), indicating that the major trend has not yet reversed, it has risen above the short-term EMA(7) and EMA(25) lines. More critically, the Bollinger Bands are experiencing extreme narrowing, a "squeeze" state, which usually signals that the market is about to undergo a significant directional volatility.
From the convergence of technical indicators, the bullish signals are very clear. The Relative Strength Index (RSI) has breached the 50 midline, entering the buyer-dominant area, indicating that market momentum is shifting towards the bulls. Meanwhile, the MACD indicator has not only formed a golden cross but also both the fast and slow lines have crossed above the zero line, with green momentum bars continuing to expand, which is a strong signal of a short-term trend reversal from bearish to bullish. After bottoming out at $0.788, the price began to build a consolidation area, and the current convergence of indicators enhances the likelihood of a breakout above this consolidation zone. Therefore, based on the breakout trend indicated by the Bollinger Bands squeeze, and the bullish momentum confirmation provided by the RSI and MACD, entering after a breakout of the key resistance level is a high-probability strategy.
**Trade Setup:**
- **Entry:** 0.870 (waiting for price confirmation to break above the consolidation zone)
- **Target 1:** 0.910 (approaching the EMA(99) resistance level)
- **Target 2:** 1.000 (previous key resistance level and psychological barrier)
- **Stop Loss:** 0.835 (below the midpoint of the consolidation zone; if broken, the breakout fails)
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