I’m watching $AXS closely right now.
After a strong bullish wave, price pulled back, but the selling pressure is clearly fading. Instead of continuing lower, AXS is starting to stabilize and build a base. That usually tells me sellers are running out of strength while buyers quietly step in.
The broader trend is still bullish. Volume remains healthy, and the pullback looks controlled, not emotional. This feels more like a pause than a reversal.
Trade plan: Entry zone: 1.46 – 1.42
Stop loss: 1.39
Target 1: 1.53
Target 2: 1.60
Why this setup makes sense: Selling momentum has cooled off.
Price is holding above a clear support area.
The higher-timeframe trend remains intact.
This zone offers clean risk-to-reward with invalidation clearly defined.
I’m taking this entry and looking for continuation toward the upside. As always, I’ll let the price do the talking and manage risk if the level fails.
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