🚨 $AXT DISTRIBUTION? BE CAREFUL HOLDERS 🚨
From $94.57 → $75.57 = -20% ONLY IN 1 DAY
Current price: $75.57 | -19.37%
3 REASONS WHY I’M BEARISH (SHORT-TERM):
1. STRONG REJECTION AT THE TOP
$AXT rose 36.23 → 94.57 = +161%
Then it was immediately dumped -20%. This is a TP-broker/whale pattern
2. BROKEN STRUCTURE
4H candle turned long red, big body
High (24H): 94.13 | Low: 75.34. Support at 71.82 is already thin
If it breaks = it can continue to 58.98
3. SELLING VOLUME ENTERING
47.22M USDT outflow. Dump volume is bigger than the pump
Signs that buyers above 90 already panicked
SNIPER SHORT LEVELS:
Entry: Rebound to the 80 - 84 area for Short
TP1: $71.82 (+5%)
TP2: $58.98 (+22%)
SL: Above $85.50 to be safe
OPINION:
A 161% pump needs time. A 20% dump only needs 1 candle.
Those chasing at $90+ are stuck right now 😭
Are you on the SHORT team or still hoping for a bounce?
Comment "SHORT" if you agree it will go to 58 👇
Follow @SNIPER_BNB for $AXT updates every 4 hours
DYOR! Not financial advice. Your risk is your own 🙏
#AXT #AXTUSDT #Short #Crypto #Bearish
#SNIPERBNB