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【$AXS Signal】Short Selling - Volume Breakout Downward
$AXS After a -22.91% volume-driven decline, a clear breakdown and downward structure has formed. The high open interest suggests the market is holding a large number of open long positions. The current price action is more indicative of a short squeeze liquidation rather than a simple healthy correction.
🎯 Direction: Short (Short)
🎯 Entry: 2.00 - 2.05
🛑 Stop Loss: 2.25 (Rigid Stop Loss)
🚀 Target 1: 1.75
🚀 Target 2: 1.50
$AXS A single massive long bearish candle directly broke through a key support zone, accompanied by an abnormal high trading volume of 403M and 16.3 million open contracts. This is a typical leveraged long liquidation driven move. Price action shows weak buying absorption below, with every rebound met with selling pressure. Market sentiment has shifted to panic. As long as the price cannot quickly recover above 2.25, downward momentum will push the price to find the next liquidity pool.
Trade 👇 $AXS
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