$AXS Short Setup | Rally Facing Supply

The bounce on $AXS looks corrective, with sellers continuing to lean on this resistance zone and limiting upside progress.

Trade Plan:

Entry Zone: 2.55 – 2.65

Stop Loss: 2.72

Targets:

TP1: 2.50

TP2: 2.42

TP3: 2.34

The recent push higher failed to gain acceptance, and selling pressure appeared quickly near resistance. Momentum is starting to roll over again, suggesting this move is a pullback rather than a trend reversal.

As long as price remains capped below this area, downside continuation stays the higher-probability scenario.

Trade $AXS here👇

AXSUSDT

Perp

1.552

+0.45%