$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 👇

AXSUSDT

Prep

1.505

+4.22%