This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$AXS looks bearish from this zone sellers are active and a drop is possible.
If price rejects 2.78โ2.83, itโs a clean SHORT setup โ
๐ SHORT Entry: 2.78 โ 2.83
๐ Stop Loss: 2.90
๐ฏ TP1: 2.63
๐ฏ TP2: 2.44
๐ฏ TP3: 2.13
This area is acting like a major resistance, and price already failed to hold above it.
If AXS gives a wick rejection / bearish engulfing here, it confirms sellers are in control.
Also, after this quick pump, the market usually does a pullback + liquidity grab,
so a drop to lower support levels is very normal in this structure.
As long as price stays below 2.83, the short bias remains valid.
First open your short trade $AXS โ