AXS is primed for a pullback after breaking market structure, with a critical zone of support now turned resistance. This area is now being tested as sellers start to take control.
━━━━━━━━━━━━━━━━━━━━━
🔴 $AXS SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.965034 – $0.966966
🛑 Stop Loss: $0.994980 (-3.0%)
🎯 TP1: $0.951510 (+1.5%)
🏆 TP2: $0.917700 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 87%
━━━━━━━━━━━━━━━━━━━━━
The CHoCH signal confirms the break of market structure, while CVD indicates volume is aligning with the downtrend, and the presence of an order block right at the point of breakdown adds to the bearish case. The POI confluence with the FVG overlap makes this zone particularly significant for a short setup. Overall structure suggests a high likelihood of a move downward.
With a 3.0% stop loss, which is on the tighter side, this trade will likely require lower leverage to manage risk effectively.
Consider taking partial profits at the first target to lock in some gains and reassess the trade's progress before deciding on the next steps.
Not financial advice — always manage your own risk 🙏
#AXSUSDT $AXS #SMC #Write2Earn #Binance
━━━━━━━━━━━━━━━━━━━━━
🔴 $AXS SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.965034 – $0.966966
🛑 Stop Loss: $0.994980 (-3.0%)
🎯 TP1: $0.951510 (+1.5%)
🏆 TP2: $0.917700 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 87%
━━━━━━━━━━━━━━━━━━━━━
The CHoCH signal confirms the break of market structure, while CVD indicates volume is aligning with the downtrend, and the presence of an order block right at the point of breakdown adds to the bearish case. The POI confluence with the FVG overlap makes this zone particularly significant for a short setup. Overall structure suggests a high likelihood of a move downward.
With a 3.0% stop loss, which is on the tighter side, this trade will likely require lower leverage to manage risk effectively.
Consider taking partial profits at the first target to lock in some gains and reassess the trade's progress before deciding on the next steps.
Not financial advice — always manage your own risk 🙏
#AXSUSDT $AXS #SMC #Write2Earn #Binance