As we will know, $AXS posted a strong rise today....
The upward trend on the 15-minute chart triggered the alert I sent; the setup was executed quickly with explosive volume shortly thereafter.
The price recorded a daily low of 1.879, very close to our support area of 1.887 and below the 2.07 area we were monitoring.
The bounce faced clear resistance at 2.519, confirmed by the first red candle for 4 hours at that level.
Some realistic paths forward:
A. A healthy correction or profit-taking move could bring the price back towards 2.10–2.08 to fill the remaining imbalance, preferably not breaking below the daily low of 1.879.
B. If the broader market turns bearish, we could see a retest of the lower supports: first the range of 1.79-1.626, then the 200 EMA around 1.55, and in a deeper correction the orange trend line near 1.45, while maintaining the overall structure.
C. After a short period of consolidation, continuing strength could lead to a breakout above the recent high of 2.99. The measurement from the recent low (1.879) to the high (2.987) gives a projection near 4.74.
Nevertheless, the most urgent and realistic bullish target remains the 3.45 area for now.
