$AXTI 2.7% spike above 57.26 looks like a liquidity grab, not a trend reversal
My bias remains bearish: the 1H chart is still printing lower highs and lower lows. The 15M wick above 57.26 that closed back below looks like a buy-side liquidity sweep, keeping the broader 1H downtrend intact.
This is a counter-trend short against bullish daily structure and a strong BTC tape, so confirmation matters. I want to see a failed reclaim of 57.26–57.76 before considering a position.
The downside roadmap is 56.30 → 55.57 → 54.26 swing-low liquidity, with 54.22 demand as the deeper target.
Entry trigger: 1H close back below 57.26, bearish rejection from the zone, or a 15M market-structure shift lower.
Invalidation: 1H close above 57.76.
No FOMO, no guessing — let the liquidity sweep confirm the next move.$AXTI
#AXTI #CryptoTrading #Altcoins #TechnicalAnalysis #Trading
My bias remains bearish: the 1H chart is still printing lower highs and lower lows. The 15M wick above 57.26 that closed back below looks like a buy-side liquidity sweep, keeping the broader 1H downtrend intact.
This is a counter-trend short against bullish daily structure and a strong BTC tape, so confirmation matters. I want to see a failed reclaim of 57.26–57.76 before considering a position.
The downside roadmap is 56.30 → 55.57 → 54.26 swing-low liquidity, with 54.22 demand as the deeper target.
Entry trigger: 1H close back below 57.26, bearish rejection from the zone, or a 15M market-structure shift lower.
Invalidation: 1H close above 57.76.
No FOMO, no guessing — let the liquidity sweep confirm the next move.$AXTI
#AXTI #CryptoTrading #Altcoins #TechnicalAnalysis #Trading