$AXS is setting up because price pushed above the recent highs, swept buy-side liquidity, and then immediately showed rejection. That tells me breakout buyers got trapped and the market didn’t accept higher prices for long.
Market read
I’m seeing a clear upside liquidity grab followed by weakness. Momentum is fading on lower timeframes and structure is starting to roll over. As long as AXS stays below the swept high, the bias remains to the downside.
Entry point
Short around $1.80 – $1.84
This zone sits right in the rejection area and offers clean risk-to-reward.
Target point
TP1: $1.74
TP2: $1.66
TP3: $1.58
Stop loss
$1.88
If price reclaims this level, the setup fails and I’m out without hesitation.
How it’s possible
Buy-side liquidity was taken, rejection followed, and price slipped back into the range. That’s usually where momentum shifts in favor of shorts.
I’m calm, I’m patient, and I’m following the structure.
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