NEUTRAL TO BULLISH $AXS (1h)
• Current Structure:
Strong impulsive move from the 1.249 low with a clear bullish BOS, followed by a spike into 1.595. Price is now in a shallow pullback / consolidation below highs, not a confirmed reversal.
• Market Structure Notes:
Sell side liquidity swept near 1.249 before acceleration
Bullish BOS through the 1.35–1.38 area
Buy side liquidity taken at 1.595 with immediate rejection
No confirmed higher low formed yet after the spike
• Volume Behavior:
Volume expanded sharply during the impulse leg, then contracted on the pullback, which is typical of corrective behavior rather than distribution.
• Key Levels:
Support: 1.42 – 1.38 (impulse base + MA25/MA99 area)
Resistance: 1.58 – 1.60 (recent high / liquidity)
• Entry Trigger:
LONG if: Price pulls back into 1.42–1.38 and forms a higher low with a strong 1h close back above 1.50.
SHORT if: Price accepts below 1.38 on a 1h close, confirming failure of post-BOS structure.
• Invalidation Level:
Bullish bias invalidated below: 1.25 (impulse origin / structure low)
Summary:
Bias remains cautiously bullish, but structure is still developing after a vertical impulse. No active trade yet. Patience is required for either a confirmed higher low at support or a clear loss of structure to reassess direction.
