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