Axie Infinity: Risk would be to buy range lows with a stop-loss at… - Aliens: AI Crypto News & Markets Updates
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Axie Infinity: Risk would be to buy range lows with a stop-loss at…

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AMB Crypto

Sat, Jul 02, 2022

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Aliens TLDR

In the past two weeks, the price saw a minor bounce from this area to test $23k as resistance, before promptly falling beneath this zone again.

In the past few days, a lower timeframe rally saw AXS retest the $18 resistance zone.

Since the $11.4 was also long-term horizontal support, there was some confluence between the range lows and a support level.

A risky venture would be to buy the range lows as support, with a stop-loss beneath $11.4.

In the past few days, the RSI also retested the neutral 50 level as resistance before being forced to move lower.

To break the market structure and regain a bullish long-term bias, AXS would have to break above the $19 mark and retest the $18 as support.

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