SL last time š sorry for your loss my traders. Let me try again.
šØ $AXS Bearish Consolidation, I'd Short but monitor for oversold bounce
ā¢ Price failed to break above Resistance 2.828 recently and is testing near Support 2.384.
ā¢ K-line shows recent rejection at upper BOLL with long wicks 2.927 high candle, indicating selling at highs.
ā¢ Recent 1h candles show elevated volume during price declines at 2.615 USDT, suggesting selling pressure. Volume spikes on down moves align with bearish momentum.
ā¢ Strong outflows over 1H indicating institutional selling.
Entry short $AXS :
ā¢ Ideal short entry near resistance: 2.60-2.65 after a pullback.
ā¢ Alternatively, break below 2.384 (support level) with volume could trigger further downside.
Stop Loss: 2.68-2.72 if shorting at 2.60
Target Price $AXS
Primary: 2.17 (support level)
Secondary: 2.30 if momentum weakens.
Support me just Click below to Trade š Cheers
If price holds above Support 2.384 and shows reversal signs , consider reducing short exposure.