$AXS – Into supply, but continuation is starting to lose control
Trading Plan Short $AXS
Entry: 1.38 – 1.46
SL: 1.55
TP1: 1.30
TP2: 1.18
TP3: 1.06
The rebound pushed price back into this zone — but the way it got here matters.
Moves higher are no longer clean. Extensions are shorter, reactions are quicker, and follow-through is fading right at resistance.
That’s not continuation — that’s friction.
Most traders will still read this as strength returning. But strength doesn’t stall at supply — it breaks through it.
Instead, this looks like absorption. Buyers are active, but not strong enough to take control.
If this level holds, it turns from a breakout attempt into a ceiling — and once that shift confirms, downside tends to build quickly as positioning unwinds.
Trade $AXS here 👇
Trading Plan Short $AXS
Entry: 1.38 – 1.46
SL: 1.55
TP1: 1.30
TP2: 1.18
TP3: 1.06
The rebound pushed price back into this zone — but the way it got here matters.
Moves higher are no longer clean. Extensions are shorter, reactions are quicker, and follow-through is fading right at resistance.
That’s not continuation — that’s friction.
Most traders will still read this as strength returning. But strength doesn’t stall at supply — it breaks through it.
Instead, this looks like absorption. Buyers are active, but not strong enough to take control.
If this level holds, it turns from a breakout attempt into a ceiling — and once that shift confirms, downside tends to build quickly as positioning unwinds.
Trade $AXS here 👇