$AXS is giving a very clean short setup here if you look at the structure calmly.

Price had a strong rally from around 1.2 and pushed all the way to 2.9. That move was very aggressive and vertical, which usually means late buyers and FOMO enter near the top. After making the high, price failed to continue higher and started rejecting from the top area. Now we can see that the previous strong zone around 2.25–2.30, which was resistance before, has already been tested and price is currently struggling to move higher from here.

The trendline that was supporting the move up is now being tested from below, and price is showing weakness near 2.6. This is typically the area where trapped longs start feeling uncomfortable and big players start distributing.

We are not shorting in panic. We are shorting near a level where risk is small and reward is much bigger.

If this was a real strong bullish continuation, price should not stay here and struggle. But the structure is telling a different story.

Trade plan:

Short Entry: 2.6

Stop Loss: 2.75

Target: 2.3

Risk is defined, structure is clear, and reward is bigger than risk. Even if it doesn’t work, the loss is controlled. That’s how trading should be done.

Don’t trade with emotions. Trade what you see, not what you hope.@Sam catching real moves