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AXS completed a strong breakout after a 24.97% increase in volume. From the trading behavior, the main force is continuously building positions, which is not a sign of a bearish sell-off.
The trading strategy is very clear:
👉 Direction: Long
👉 Entry Range: 1.95-2.02
⛔ Rigid Stop Loss: 1.82
🎯 First Target: 2.35
🎯 Second Target: 2.60
Why am I confident to look higher? The trading volume reached 1685M, and the open interest is also growing simultaneously. This is a signal that the main force is truly entering with real money. More importantly, after the price broke out, there was no significant pullback, indicating that selling pressure has been well absorbed. This structure is a healthy upward trend. As long as the price stays above 1.95, the probability of testing higher liquidity targets is very high.
Opportunities like this in the crypto market are fleeting. I am optimistic about AXS's subsequent performance.