🚨 $AXS Bearish Consolidating
K-line data shows a significant volume spike (over 50M) on the initial push higher and the most recent sharp decline from the highs near 2.534. Recent price action on lower volume suggests a lack of strong buying interest to push the price back up, confirming the bearish pressure. The high-volume sell-off is a dominant feature.
Capital Flow Data: The contract net flow data is critical. There are substantial outflows over the 2H (-7.48M), 4H (-10.04M), 6H (-10.78M), and 8H (-10.78M) periods. This is a strong signal that leverage is being rapidly unwound from long positions, fueling the current price decline. The significant 30m (+1.1M) and 1H (+608k) inflows were likely "catch the falling knife" bids that failed. The 24H net inflow (+12.32M) shows the broader context was buying, but the short-term momentum is decisively negative. Spot flows are also negative across most recent timeframes, confirming a lack of strong spot demand to absorb the selling.
Entry short $AXS :
• Consider entering a short position on a pullback towards the first key resistance level at 2.34, which aligns with the MA5 (2.2568) and MA10 (2.317) area. This provides a better risk-reward ratio
• Alternatively, a break and close below the immediate support 2.087 could be used as a confirmation signal for a continuation downward.
Stop-Loss: should be placed above the resistance level at 2.50.
Target Price $AXS : The primary target is the next significant support level at 1.993. A further target would be a test of the lower support at 1.834
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