GustavoCorrea1

AXS: What's the best buying point right now?

BINANCE:AXSUSDT   AXS / TetherUS
Hello friends!

I come to bring my modest opinion about AXS.

After a 950% appreciation curve, for the first time AXS on one undergoes a strong corrective process.
Yesterday there was news involving the shutdown of its servers, which generated fear and distrust in the market.

What is the best point of purchase for the long term?

The 50/60% Fibonacci retracement zone outlined in green to friends seems to be an excellent buying point for anyone looking to take a long-term position in the AXS asset.
This zone comprises between 16$ and 13$.

Obviously, prices may be looking for even lower levels. That's why it's important to keep this in mind and make fractional entries for the long term and not a day trade move.

As always....patience and strategy....

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Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community we can discuss operational tactics and techniques.

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