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AXS's recent performance is indeed worth paying attention to. After experiencing a 24.97% increase in volume, the price completed a strong breakout. From a technical perspective, this is not a bearish trap, but a signal that the main funds are continuously accumulating.
Looking at the data specifically, the trading volume reached 1685M, and the open interest is also growing in tandem. This level of activity indicates that the main players are indeed entering the market. More importantly, after the breakout, there was no rapid selling pressure; the selling force was effectively absorbed, which shows that the current upward structure is healthy.
From a trading perspective:
**Direction**: Bullish
**Suggested Entry Range**: 1.95-2.02
**Stop Loss**: 1.82 (This is a hard stop loss; it cannot be broken)
**First Target**: 2.35
**Second Target**: 2.60
The key is whether the price can hold above 1.95. As long as this level is not broken, higher liquidity zones will eventually be tested. The crypto market works like this—sometimes data can be deceptive, but the combination of volume and open interest generally does not lie.