$AXS /USDT – Bullish Breakout in Progress!
Momentum Analysis: AXS is showing a solid 10.47% increase in price, indicating strong upward momentum. The price has been bouncing off key support around 3.70, and with the current breakout level near 3.75, there is potential for further upside if the momentum holds.
Long Setup:
Entry Zone: Consider entering near 3.740 to 3.750
Targets:
T1: 3.80
T2: 3.85
T3: 4.00
Stop Loss: Place stop loss near 3.70
Breakout Confirmation Level: Key breakout confirmed at 3.75, holding this level can signal further upward movement.
Key Support: 3.70, acting as strong support, if breached, reconsider the long position.
Pro Tip for Traders: Ensure to manage risk and be ready to take profits at target levels. Watch volume for signs of a shift in momentum.
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