🚨 $AXS Bearish Consolidation
• K-line shows that over the past 24 hours, it has formed lower highs 2.986 → 2.936 → 2.921 and lower lows 2.577 → 2.688 → 2.712, confirming a downtrend
• A key bearish engulfing pattern appeared in the 2.936–2.848 range, accompanied by high volume (14M), which strongly reinforces the resistance effect at that level.
• Current price is testing the support at 2.754. If it breaks below this level, it will accelerate downward toward lower support at 2.546.
• Recent 1h candles show declining volume during price drops (last candle: 48K vs. average ~10M), indicating weak selling pressure.
• Short-term net outflows 1H: -5.16M USDT align with price decline.
Entry short $AXS
• Immediate short if price breaks below 2.668 with 1h close confirmation.
• Alternative long entry only if price holds 2.668 and shows reversal candle with volume confirmation.
Stop Loss:
• For shorts: 2.928 (Resistance level)
• For longs: 2.620 (below support)
Target Levels $AXS
• Short target: 2.546 (Support zone)
• Long target: 2.850 (MA20)
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