Can long-term AxieInfinity [AXS] investors remain bullishly biased after recent losses?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Long-term buyers need to exercise caution and patience in the coming weeks.
The $8-$9 region was especially important as a zone of demand. Can AXS recover the losses it incurred in February?The bullish market structure break occurred in mid-January and was highlighted in orange. Thereafter, the price formed a bullish order block before shooting as high as $13.94 just a week after the structure break.
The conclusion was that a retest of the bullish order block at $8-$9 could offer longer-term buyers an opportunity. Until this retest, buyers can wait, and traders have reason to remain bearish on lower timeframes.
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