$AXS is still in a firm short-term downtrend after failing to break above the 1.83 level. The sell-off was sharp and aggressive, signaling strong bearish momentum. While price did bounce from the 1.64 support area, the rebound has been slow and weak — a typical relief bounce rather than a true trend reversal.

Price continues to trade below the prior breakdown zone, and as long as AXS remains under the 1.72–1.75 resistance range, bearish pressure stays intact. A clean break and hold above this zone would invalidate the bearish setup, but until then, sellers remain in control.

Scalp Trade Idea – Short Bias

Entry Area: 1.69 – 1.72

Target 1: 1.65

Target 2: 1.61

Stop Loss: 1.76

Leverage: 20x – 50x

Capital Risk: 1% – 3%

Risk Management: Secure partial profits at TP1 and move the stop to breakeven.

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Short $AXS 👇👇👇