$AXS has hit a strong rejection at the intraday resistance area between $2.15–$2.20, following a solid but extended bullish run.

Right now, we're seeing clear signs of exhaustion:

Momentum indicators are rolling over

Buying volume is drying up noticeably

Overall price structure points to a likely corrective pullback

Short bias stays in play as long as price remains capped below that key resistance zone.

The primary downside objective sits around $1.79–$1.80, which matches a prior significant support/demand region — a logical area for buyers to step in and defend.

Invalidation for this bearish view would come from a decisive and sustained breakout above $2.15, which could flip the momentum and open the door for further upside.

As always, prioritize proper risk management — use tight stops, size positions conservatively, and stay disciplined regardless of direction. Market conditions can shift quickly!