Axie Infinity is the famous game-fi project and top gainer of 2021. Ans it`s a problem for the price because lot`s of retail traders buy this coin and now almost liquidated.
The liquidity collection under the key level of $12.20 is highly possible. Why it could happen:
1. Lot`s of coins were bought in the $19-22 accumulation area. The horisontal volumes confirm it.
2. Additionally, the whales sell lots of AXS at the previous pump. Maybe, some traders don`t want to miss such "opportunity" and trade without trading strategy.
The volume indicator confirm this big buy also.
This both number of long traders become the fuel for such dump.
After the false breakout of key level and squeeze to the trendline the breakout is highly possible.
The targets for this trade:
1. $16.4 - key level
2. $19.5-22.4 - this value area become the huge resistance for the price.
Bloomberg said that the game is almost scam because dont want to pay it`s players. How do you think, if the famous news write about some coin news it`s a first bullish sign? Write in comments your thoughts about AXIE.
ðŧFriends, press the "like"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.
The liquidity collection under the key level of $12.20 is highly possible. Why it could happen:
1. Lot`s of coins were bought in the $19-22 accumulation area. The horisontal volumes confirm it.
2. Additionally, the whales sell lots of AXS at the previous pump. Maybe, some traders don`t want to miss such "opportunity" and trade without trading strategy.
The volume indicator confirm this big buy also.
This both number of long traders become the fuel for such dump.
After the false breakout of key level and squeeze to the trendline the breakout is highly possible.
The targets for this trade:
1. $16.4 - key level
2. $19.5-22.4 - this value area become the huge resistance for the price.
Bloomberg said that the game is almost scam because dont want to pay it`s players. How do you think, if the famous news write about some coin news it`s a first bullish sign? Write in comments your thoughts about AXIE.
ðŧFriends, press the "like"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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