$AXS just exploded again.
Deviation from the moving average is 42%, the last time it hit this range, it crashed directly from 1.529.
But this time is different,
the moving averages are still bullish, RSI hasn't hit extreme levels yet (76 vs last time's 88),
and the volume is only at 1.46 times, not as exaggerated as last time.
So this isn't the time to short.
🚨 The real risk is:
Bullish moving averages + overbought = you’re too scared to short, but the whales might offload.
Those who chased in at 1.7060 basically jumped in thinking it was a "breakout."
Focus on one point: 1.71
If it can't hold, this is likely today's short-term top.
If it holds, there might be another spike giving you a chance to exit.
Don’t chase, wait for it to choose its direction.
⚠️ Technical analysis is for reference only and does not constitute investment advice
#AXS #GameFi
$AXS