【$AXS Signal】1H Strong Breakout, Short Squeeze Initiated, Targeting the Main Uptrend

$AXS The 1H timeframe has strongly broken through and stabilized above EMA20 and EMA50, with the price reaching a recent high and showing strong momentum. The 4H timeframe has broken through the previous consolidation zone, forming a bullish structure. Currently, the negative funding rate is -0.0554%, and the price remains firm with stable open interest, indicating potential for a short squeeze. The 1H RSI is as high as 84.06, indicating overbought conditions, but in Hot Coin markets, overbought levels can persist. Caution is advised when chasing highs with strict risk control.

🎯Direction: Long (Long)

🎯Entry/Order: Enter in batches within the current price range of 1.389 - 1.395.

🛑Stop Loss: 1.355 (Based on the 1H breakout above previous high and support below EMA50)

🚀Target 1: 1.450 (Previous resistance level)

🚀Target 2: 1.520 (Previous accumulation zone on the daily chart)

🛡️Trading Management:

- Position Size: Light. The price has already risen, so avoid heavy positions chasing highs.

- Execution Strategy: After entering, if the price continues to rise, reduce 50% of the position near Target 1, and move the remaining stop loss to the entry price. Hold the remaining position for Target 2. If a clear stagnation or long upper shadow appears on the 1H chart, exit all positions.

- Deep Logic: Three consecutive bullish candles on the 4H chart with increased buying volume indicate institutional involvement. The order book depth imbalance is 11.62%, with selling pressure relatively concentrated but strong buying support. In a negative funding rate environment, short positions face ongoing funding costs, fueling the short squeeze. Although the 1H is overbought, in a strong trend, pullbacks are opportunities to add positions. Key supports are at 1.375 (former high turned support) and 1.366 (EMA20).

View real-time market 👇 $AXS

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL