$AXS — Heavy Sell-Off, Weak Base Reaction (Bearish Bias)

$AXS experienced an aggressive sell-off and is now grinding sideways near the 1.10 demand zone. The current bounce lacks strength and appears corrective, suggesting sellers remain firmly in control. No meaningful absorption or reversal signals are visible yet.

Price continues to trade below the prior breakdown resistance, keeping the structure bearish. As long as stays below the intraday lower high, downside continuation remains the higher-probability scenario. A clean reclaim of resistance would invalidate this short bias.

Short Setup

Entry Zone: 1.12 – 1.15

TP1: 1.08

TP2: 1.04

TP3: 0.98

Stop Loss: 1.18

Patience is key here — continuation favors the downside unless buyers step in with real strength.

Let’s go $AXS 📉

AXS

1.24

+11.41%