AXS Rejects Relief Bounce — Short Continuation Setup
While the crowd is positioning for a bounce, AXS price action is signaling continued downside pressure.
$AXS / USDT — SHORT
Trade Plan
Entry: 1.363465 – 1.372535
Stop Loss: 1.395207
TP1: 1.340793
TP2: 1.331724
TP3: 1.313586
Technical Rationale
• The higher-timeframe daily trend remains firmly bearish.
• On the 4H chart, price is actively rejecting the 1.368 resistance zone, confirming seller presence.
• The 15M RSI is overbought near 64, indicating this upward push is likely a liquidity trap rather than genuine strength.
• The first downside objective sits at 1.341, aligned with prior reaction support.
Momentum favors continuation lower as long as price remains capped below resistance.
Start the trade here 👇
#BearishPattern #BEARISH📉