Yuriy_Bishko

๐Ÿšฉ๐Ÿ”ฅ My favourite trading pattern: Axie trendline breakout!

BINANCE:AXSUSDT   AXS / TetherUS
๐Ÿ“Š 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.

๐Ÿ“Š I see the next preconditions to open a long:
๐Ÿšฉ squeeze to the trendline before the breakout
๐Ÿšฉ DOM and Footprint orders to buy as the support of the price
๐Ÿšฉ BTC push the price of the Axie to the our targetsโœ…

๐Ÿ”ฅ It would be nice to see the price breakout of the key level of $12. Addtionally the volume should grow and confirm this trap.

โœ… The targets:
1. $14-14.5
2. $18-18.5

๐Ÿ’ปFriends, press the "boost"๐Ÿš€ 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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