AXS - update August 19th - from my last chart.....
Details are in the chart - I have tried to make it 'elf' explanatory as I had help from the Tool Wizard (this is a simple version of my chart).
What will I do?
Well, I might go on futures and hedge the tops and bottoms. OR, I might go long for a few hours and then a short. OR.....I may just go long with a Target (TP) of $83.40 and a SL of $63 (to protect against sudden BTC down movement). I will move the SL to my BUY price once the trend is established. I will also take profit.
I do suggest spot BUYING this coin to HOLD/HODL. NFA - do your own research - understand what you are investing in and what it's potential might be.
Don't buy yet - wait until BTC sorts it's self out and hit's a true spring board.
REMEMBER - AXS wil not copy BTC exactly - it has had amazing growth due to it's development (and more news came out to day - thus my thoughts on it going up - If I deceide that a rapid rise is imminemt, I wil try and post).
TIP - Watch for news from the Phillipines - any news (weather, earthquakes, covid flare ups, volcanoes or terrorist acts). If you don't know why, you need to research.
All of the above is mumbo jumbo - my own thoughts and possible actions - IT IS NOT FINANCIAL ADVCE
Remember - the market is very, very uncertain.
What will I do?
Well, I might go on futures and hedge the tops and bottoms. OR, I might go long for a few hours and then a short. OR.....I may just go long with a Target (TP) of $83.40 and a SL of $63 (to protect against sudden BTC down movement). I will move the SL to my BUY price once the trend is established. I will also take profit.
I do suggest spot BUYING this coin to HOLD/HODL. NFA - do your own research - understand what you are investing in and what it's potential might be.
Don't buy yet - wait until BTC sorts it's self out and hit's a true spring board.
REMEMBER - AXS wil not copy BTC exactly - it has had amazing growth due to it's development (and more news came out to day - thus my thoughts on it going up - If I deceide that a rapid rise is imminemt, I wil try and post).
TIP - Watch for news from the Phillipines - any news (weather, earthquakes, covid flare ups, volcanoes or terrorist acts). If you don't know why, you need to research.
All of the above is mumbo jumbo - my own thoughts and possible actions - IT IS NOT FINANCIAL ADVCE
Remember - the market is very, very uncertain.
I think AXS will fall to $67 +/- I will watch and wait.
When it get to a reasonable low (around $67) I will take a LONG (futures) with a Target of $85/$86 and a stop loss of around $64.44
I will also take profit.
TP & SL will be adjusted as the situation clarifies.
To buy on SPOT for a hold, I will WAIT - a 50% fall is possible and I am happy to buy cheap as untimatly, is doubles profit.