🚨 $AXS Bearish Consolidation, I'd Short below 1.953

Recent candles show elevated volume 52.35M during declines, compared to weaker volume on rallies, confirming distribution patterns.

Capital Flows: Consistent net outflows across contracts (-8.08M 4H, -11.37M 3D) and spot markets (-6.63M 7D) indicate institutional distribution. Notably, 24H contract inflows (+6.20M) suggest potential near-term volatility.

Entry short $AXS :

Immediate short on rejection at 1.853 (MA20) or break below 1.867 support. Alternatively, wait for retest of 2.045-2.065 resistance zone for higher-probability short entry.

Stop Loss: 2.025 for shorts entering near 1.953

Target Levels $AXS : 1.785 (Primary), 1.647 (Secondary)

Support me just Click below to Trade 👇 Cheers.

AXSUSDT

Perp

1.951

+17.81%

🚨 Any hourly close above 2.065 invalidates bearish thesis #axs #axsusdt #AxieInfinity