ย โ ๏ธย AXS Critical Alert: Major Dump Incoming? Target $1.50!ย ๐
Axie Infinity (AXS) is flashing serious bearish signals after its recent pump. As aย High-Frequency Trader, I'm seeing exhaustion in the buyers.
๐ Technical Breakdown:
Overbought:ย The recent rally toย $2.20ย was too fast, and profit-taking has started.perplexityโ
Rejection:ย Price failed to hold above key resistance, forming a "Double Top" or "Shooting Star" on the daily chart.
Gap Fill:ย There is major liquidity sitting aroundย $1.50, and market makers will likely push the price down to fill these orders.
Volume:ย Buying volume is drying up, while sell pressure is increasing.
โก Trade Setup:
Direction:ย SHORT ๐ฅ
Entry:ย Current levels (around $2.00 - $2.10)
Target:ย $1.50ย (Support Zone)
Stop Loss:ย Above $2.30
Don't get trapped in the FOMO! The chart says down.
๐ฌ Are you Shorting or Holding?ย Let me know below! ๐
#AXS #AxieInfinity #bearish #cryptotrading #ChartMaster07 $AXS "AXS Technical Setup: Short to $1.50 ๐ฏ"
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