AXS is poised for a downturn after a clear market structure break, with price action now testing key support levels. Current price is offering a high-confidence shorting opportunity.
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$AXS SHORT 📉
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📍 Entry Range: $0.825174 – $0.826826
🛑 Stop Loss: $0.850780 (-3.0%)
🎯 TP1: $0.813610 (+1.5%)
🏆 TP2: $0.784700 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 94%
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The combination of a CHoCH signal, confirmed by strong volume via CVD, points towards a directional move. Additionally, the presence of an order block within a fair value gap, coupled with a liquidity sweep and a point of interest confluence, strengthens the case for this AXS short setup. The overall structure suggests a potential reversal is underway.
With a 3.0% stop loss, which is relatively tight given the volatility of AXS, a leverage of 3-4x is justified to maximize returns while keeping overall risk in check.
Considering the risk-reward ratio of 1:1.7, it makes sense to take partial profits at the first target to lock in some gains and ride the rest of the position to see if the full potential of this trade can be realized.
Not financial advice — always manage your own risk 🙏
$AXS #AXSUSDT #SMC #TradingSignals #Write2Earn