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【$AXS Signal】Bearish + Volume Breakout
$AXS Forms a breakdown pattern after a volume-driven decline, with high open interest indicating that the bulls are being squeezed out.
🎯Direction: Short (Short)
🎯Entry: 1.78 - 1.82
🛑Stop Loss: 1.95 (Rigid Stop Loss)
🚀Target 1: 1.60
🚀Target 2: 1.45
$AXS A nearly 15% daily drop accompanied by massive volume is a typical sign of weakness. The price has broken through a key support zone. A decline under high open interest usually indicates forced liquidation of long positions rather than simple profit-taking. The market shows persistent selling pressure, with no effective buying absorption, and rebounds are weak. Following the downward momentum of the bears is currently the path with the least resistance.
Trade 👇 $AXS
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