Axie Infinity is recovering from a final flush episode this week. The action just turned green after AXSUSDT hit the lowest price in 4 years, since May 2021.
First, it is still early for buyers and Cryptocurrency traders. Why? Because the action is happening at bottom prices. Just look at the chart, truly low prices as AXSUSDT is still trading below its 3-Feb. low but recovered above its March low already.
The recovery above the 10-March 2025 low within a single candle reveals that the bottom is already in. The final drop, which was a strong shakeout or stop-loss hunt event, not a bearish impulse, is over.
On the left side we can see the bear market wave. It lasted an entire year from November 2021 through November 2022.
This bear market is followed by a neutral-sideways market. This is the transition period.
Now the market is set to turn ultra-bullish but before this bullish cycle there is one final shakeout and that's the drop from December 2024 until April 2025. This move is intended to activate the stop-loss of thousands of traders. Once these people sell lower than what they bought, the market changes course. This is why I do not recommend using a limit stop-loss.
As soon as the multi-year low is hit, the market turns green. This is what is happening now, just watch! Axie Infinity is set to grow long-term.
Buy low to sell high.
Never set a stop-loss limit order on an exchange, it is a recipe for disaster. It is better to wait patiently because the market will recover and will produce strong, sustained, long-term growth.
I have two set of targets, the easy-local targets and the "global" targets.
The easy targets are 560%, 927% and 1,660%. The global targets include the potential for a new All-Time High. We will have to wait and see. I don't know of these purple targets will hit, but is good to be prepared.
Hope for the best and prepare for the best.
Thank you for reading.
Namaste.