🛑$AXS Bullish Structure, Momentum Fading | Short-Term Pullback Risk
AXS has delivered a strong upside move, rallying sharply over the past 24 hours and extending a multi-day bullish structure. However, momentum indicators are cooling, suggesting the trend may pause or retrace before any further continuation.
Market Structure AXS remains in a higher-high, higher-low structure on the 4H timeframe, confirming a broader bullish trend. Price is currently consolidating below recent highs after rejection from the upper resistance zone — a typical behavior after an impulsive rally.
Key Levels
Resistance: 2.70 – 2.75 (recent high / supply zone)
Immediate Support: 2.45 – 2.40 (prior breakout & EMA cluster)
Major Support: 2.10 – 2.15 (previous demand zone)
Volume & Flow Analysis
Buying volume has started to decline near highs, signaling buyer exhaustion.
Money flow shows a notable net outflow (~$854K USDT), hinting at distribution.
Order book still favors bids, but aggressive selling is capping upside.
Momentum Check
MACD histogram turning negative → bullish momentum weakening
RSI cooling from overbought levels → room for short-term correction
EMAs remain bullish overall, but price is stretched above mean value
Short Trade Setup (Counter-Trend)
Entry: 2.62 – 2.70 (on rejection / bearish confirmation)
Stop Loss: 2.82 (above range high)
Targets:
TG1: 2.45
TG2: 2.20
TG3: 2.10 (extended flush)
Bias 📉 Short-term: Bearish / Pullback expected
📈 Medium-term: Bullish while above 2.10
A healthy retracement would reset momentum and potentially offer better long entries. Chasing at resistance carries unfavorable risk-reward.
