🚨$AXS Bearish Consolidation. Trading Recommend: Cautious Short
The 1h chart shows:
• Rejection at 2.719 (24h high) forming a clear resistance
• Higher low structure around 2.13-2.15 area
• Current price struggling to hold above 2.45 level
• Multiple failed attempts to break above 2.55 resistance
Spot markets show consistent outflows (-1.89M 24h), reinforcing bearish sentiment.
Entry short $AXS :
• Immediate entry: 2.47-2.49 (current resistance confluence)
• Alternative entry: Wait for pullback to 2.52-2.54 if not filled
Stop-Loss: 2.62 (above Resistance level and recent swing high)
Take-Profit $AXS :
• TP1: 2.35
• TP2: 2.29
• TP3: 2.18
Support me just Click below to Trade 👇 Cheers.
Invalidate short bias if price sustains above 2.55 with volume. In that scenario, wait for retest of 2.45 as support for long entry targeting 2.65-2.70.