🚨 $AXS Clear Downtrend
Consistent lower highs and lower lows, breaking key supports
Last 10 candles show repeated failures to break above 1.75, forming a descending triangle (breakdown below 1.65 confirmed).
Recent candles near 1.54-1.55 exhibit long wicks, hinting at potential buying interest at lower levels.
Breakdown below the BOLL lower band 1.53 may trigger a short-term rebound due to mean reversion.
Entry
• Short Entry: Near resistance 1.69 if price retests resistance with low volume.
• Long Counter-Trade: Only if price holds above 1.54 with a bullish reversal candle (
Stop-Loss:
• For shorts: 1.79 for 1.69 entry
• For longs: 1.44 for 1.54 entry
Target Levels
• Shorts: 1.46-1.38
• Longs:1.68 (resistance) – only if trend reversal confirms.
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