AXS — brief description of the asset

Axie Infinity (AXS) is the token of the ecosystem of the popular blockchain game Axie Infinity, which allows players to earn and exchange virtual assets. AXS is used for project governance as well as being the main token in the ecosystem.

Chart analysis

- The asset tested the nearest support level of $2.3.

- At the moment, AXS has entered accumulation, with nothing interesting observed on local timeframes.

Recommendations and strategy

- Until there is confirmation on the timeframes, I am not in a hurry to open positions, as there are already enough open positions in the market.

- After that, each person makes their own decision.

❗ For futures: ALWAYS use stop-losses. Upon reaction from the level, move the trade to break-even. In case of level breakdown or breakout with consolidation — look for an exit at breakeven and new entry points.

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