Hello friends, today I bring you the result of my AXSUSDT 4H operation, if you did not see my previous publication here I leave the link for you to take a look: Technical Analysis # 001 - AXSUSDT 4H - 20-08-21, first of all I remind you that this post is not an investment advice, I am not a financial advisor, therefore if you invest YOUR money it is YOUR responsibility, without further ado, let's get started.
AXS/USDT 4H:
I closed my operation on 08-21-21 around $ 81.5 since the price did not take off as I thought it could happen, more however I obtained a profit of about 8-9% more or less.
In the 1H chart you can see how the price passed $ 82 but could not hold and fell back to $ 78, my decision to place an order at $ 81 was taken at approximately 1:00 am when I saw that the price was costing him go up, put my SL at the entry price in case it fell, so I would not lose anything, when I got up I saw that I had already exited the trade with profits.
However, I am waiting for a new entry in this coin, I have 3 options of what the price could do:
- Bounce to the mean (EMA55 - Yellow) to continue rising.
- Crossing the EMA10 (White) with the EMA55 (Yellow) downward.
- Which the price lateralize a little more before continuing the rise.
I will see how the price develops and try to make the right decisions.
Note: Images obtained directly from TradingView.
Well friends, that's all for now, I will be making another post with new trades and advances or closings of the trades that I will be doing, if you liked the post, like it and follow me, if you have any constructive criticism let me know in the comments. Until next time.
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