Technical analysis by Kizaru187 about Symbol AXS: Buy recommendation (9/20/2024)

### 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 Summary1. **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.