$AXS /USDT BEARISH BREAKDOWN – SELLERS IN FULL CONTROL ⚠️
Market Next Move (Bearish):
AXS is showing strong bearish momentum after a sharp rejection from the 1.38–1.41 resistance zone. Price has broken below key support levels and is trading near daily lows, indicating sellers are dominating. The structure suggests continuation to the downside unless bulls reclaim the broken support with strong volume.
📉 Trade Setup (SHORT)
Entry: 1.16 – 1.18 (pullback zone)
Stop Loss: 1.28 (above resistance & structure high)
Take Profit 1: 1.09
Take Profit 2: 0.98
Take Profit 3: 0.90
Risk-managed short positions are favored while price stays below 1.28.
🔍 Technical Notes
Clear lower highs & lower lows on intraday timeframes
Strong rejection from 1.38–1.41 supply zone
Volume supports distribution, not accumulation
RSI likely hovering near oversold but no bullish divergence yet
🌍 Short Market Outlook
Overall market sentiment for AXS remains weak. Unless a strong bullish reclaim above 1.30 occurs, rallies are expected to be sold. Trend bias stays bearish in the short term, with deeper downside possible if 1.09 fails to hold.
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