ðĐðĨ My favourite trading pattern: Axie trendline breakout!
ð Hi friends! AXS moving in a massive falling wedge. Now the price is close to the global trendline. The squeeze to the global trendline confirms us the pressence of buyer. This is a good place to open a long with nice RR.
Every time when the price reach the bottom, the volume bars are growing which mean the pressence of buyers. They want to buy the altcoins lower to sell at higher price.
ð I see the next preconditions to open a long:
ðĐ squeeze to the trendline before the breakout
ðĐ DOM and Footprint orders to buy as the support of the price
ðĐ BTC push the price of the Axie to the our targetsâ
ðĨ It would be nice to see the price breakout of the key level of $12. Addtionally the volume should grow and confirm this trap.
â The targets:
1. $14-14.5
2. $18-18.5
ðŧFriends, press the "boost"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Every time when the price reach the bottom, the volume bars are growing which mean the pressence of buyers. They want to buy the altcoins lower to sell at higher price.
ð I see the next preconditions to open a long:
ðĐ squeeze to the trendline before the breakout
ðĐ DOM and Footprint orders to buy as the support of the price
ðĐ BTC push the price of the Axie to the our targetsâ
ðĨ It would be nice to see the price breakout of the key level of $12. Addtionally the volume should grow and confirm this trap.
â The targets:
1. $14-14.5
2. $18-18.5
ðŧFriends, press the "boost"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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