🔥$AXS Bullish with consolidation near resistance
Price Action
• Rejection observed at 2.534 (24H high) with a 3.98% pullback.
• Higher low structure intact since 2.011 (24H low), but failure to break 2.481 (R2) suggests consolidation.
• Volume spike (34.6M) during the 17.27% rally confirms institutional participation.
Recent 1h candles show declining volume (24M → 7M) near resistance, indicating weakening buying pressure.
Capital Flow:
Spot: Sustained net outflows over 24h (-1.26M USDT) suggest profit-taking.
Futures: Strong net inflows in 2H/4H (8.14M/3.26M USDT) indicate leveraged long buildup, but recent 1h outflow (-568K) hints at long liquidation.
Entry Long $AXS : 2.33 2.36 (Retest of MA10 BOLL Mid-band confluence)
Stop-Loss: 2.22 (below Support and recent swing low)
Take-Profit $AXS : 2.48 (Resistance level)
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While momentum is fading near resistance, the overall structure remains bullish with futures capital inflows supporting upside. A pullback to the support zone offers a favorable long entry with tight risk management.