Some traders are calling this $AXS bounce a trap — but I’m spotting a quiet long setup forming here.
$AXS/USDT — Long idea
Entry zone: 1.4326 – 1.4480
Stop loss: 1.3940
Targets: 1.4865 / 1.5020 / 1.5329
Reasoning: The 4H chart just flashed a long signal right at a major support area. Yes, the higher timeframe trend is still bearish, but on the lower timeframe the RSI is sitting near oversold levels, which often brings a relief bounce. The entry range gives a relatively tight invalidation compared to the possible upside.
Question is — quick bounce play or early reversal signal? I’m leaning toward a short-term reaction move, but managing risk either way.
Do your own research. Not financial advice.
AXSUSDT
Perp
1.356
-8.74%