They're all chasing the breakout, but AXS is flashing a classic trap signal.

$AXS /USDT - SHORT

Trade Plan:

Entry: 1.738012 – 1.763988

SL: 1.828926

TP1: 1.673073

TP2: 1.647098

TP3: 1.595147

Why this setup?

4H chart shows a SHORT setup with price at a key reference level (1.751). Despite a 1D range, the 15m RSI is overbought at 70.17, suggesting a local top and potential for a reversal down towards TP1 at 1.673.

Debate:

Is this overbought RSI the start of the drop, or just a fakeout before a squeeze higher?

Trade here 👇

AXS
AXSUSDT
1.541
-10.66%