$AXS After a huge 20% surge in a single 4H candlestick, the momentum has exhausted, entering a high-level consolidation and distribution phase.
🎯 Direction: Short
🎯 Entry: 1.495 - 1.505
🛑 Stop Loss: 1.525 (rigid stop loss)
🚀 Target 1: 1.450
🚀 Target 2: 1.380
Logical Analysis: 1) Price Action: After a huge surge, two consecutive 4H candles closed down, forming a bearish engulfing pattern, indicating exhaustion of buying pressure. 2) Data Divergence: Price makes new highs, but Taker Volume shows a predominance of active selling, and the latest 4H buy/sell ratio drops to 0.48, indicating that the main force is distributing rather than accumulating. 3) Order Book Resistance: There is a dense sell wall in the 1.50-1.51 range (accumulated over 100,000 USDT), constituting strong resistance. 4) Funding Rate: As high as -0.44%, the cost of short positions is extremely low, with no risk of short squeeze. Overall, this is a typical short ambush point after a “good news priced in”.
Trade here 👇$AXS
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