Long position purchase deal for currency $AXS
AXS
1.367
-8.00%
The analysis indicates a strong buy signal on the four-hour timeframe at an important support level, providing an opportunity for a potential short-term price rebound. Although the overall trend on the daily timeframe still leans towards a decline, the Relative Strength Index on the 15-minute timeframe shows an oversold condition, supporting the scenario of a bullish correction from the current area with a close stop loss to manage risks.
Entry: from 1.465539 to 1.484462
Stop loss: 1.418231
First target: 1.531769
Second target: 1.550692
Third target: 1.588538
The deal is suitable for following quick price rebounds with the necessity to adhere to capital management due to its contradiction with the larger trend.