AXS SETUP
### Entry Points
- **Primary Entry**: 4.712 USDT (38.2% Fibonacci retracement)
- This level shows a good opportunity for entry as it aligns with the Fibonacci retracement level and potential support zone.
- **Secondary Entry**: 4.041 USDT (lower accumulation zone)
- If the price drops, this is another key level for buying, close to the 1.0 Fibonacci extension.
### Target (Take Profit) Levels
- **First Target (TP1)**: 5.242 USDT (61.8% Fibonacci retracement)
- The first target aligns with a common resistance level at the 61.8% Fibonacci, where partial profit-taking is advised.
- **Second Target (TP2)**: 7.000 USDT
- A higher target that suggests a potential breakout if the momentum continues.
- **Third Target (TP3)**: 9.000 USDT
- A more extended target for those holding the position longer, representing a strong rally.
### Stop Loss
- **Stop Loss**: 3.602 USDT
- This is below the recent low and the 1.0 Fibonacci level, providing a solid point to minimize losses if the trade does not work out.
### Key Levels and Observations
- **Fibonacci Levels**:
- 38.2% retracement at 4.712 USDT.
- 61.8% retracement at 5.242 USDT (TP1).
- 88.6% retracement near the lower support zone.
- **Harmonic Pattern**: The chart appears to show a potential harmonic pattern that indicates a bullish reversal if it completes.
- **Volume Profile**: Increasing volume at lower price levels indicates potential accumulation by buyers.
### Trade Plan Summary
1. **Enter** the trade around 4.712 USDT or lower at 4.041 USDT if the price pulls back further.
2. **Set Stop Loss** at 3.602 USDT to limit downside risk.
3. **Target Levels**:
- **First Target (TP1)** at 5.242 USDT.
- **Second Target (TP2)** at 7.000 USDT.
- **Third Target (TP3)** at 9.000 USDT.
This strategy focuses on taking advantage of the Fibonacci retracement levels and potential bullish harmonic pattern, with defined targets and risk management through the stop loss level.