2026-01-18 18:24:27

AXS's recent trend is worth paying attention to. After a volume-driven decline, a breakdown pattern has formed, and the open interest remains high, which usually indicates that the bulls are going through a cleansing phase.

From a technical perspective, a nearly 15% daily drop accompanied by massive trading volume is a typical sign of weakness. The price has already broken through a key support zone, and the decline under high open interest suggests that long positions are being forcibly liquidated, not just normal profit-taking.

Currently, selling pressure persists, and no effective buying support has been seen; rebounds are also weak. In this environment, following the downward momentum is the least resistance option.

If you want to participate in shorting, the approach is as follows:

📍Entry Price: 1.78-1.82 range
📍Stop Loss: 1.95 (strict stop loss)
📍First Target: 1.60
📍Second Target: 1.45

The overall logic is high open interest + breakdown decline + lack of buying support, which generally indicates there is still room for further decline.

AXS1.8%

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ApyWhisperer

· 3h ago

A 15% single-day drop combined with high-position holdings—this isn't a shakeout, it's a slaughter... The bears are really ruthless this time.

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LucidSleepwalker

· 3h ago

Here we go again with the chip washing, I've played this trick several times before.

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SelfCustodyBro

· 4h ago

1.78 shorting? Bro, this level is indeed a bit shaky, feels like the breakdown hasn't been complete yet. I need to see a break below 1.70 before making a move. --- The selling pressure is so strong, the bulls are really being shaken out. The lack of a rebound is too critical. --- High open interest combined with a breakdown—this combo is really fierce. But is the 1.45 target a bit too optimistic? Haha. --- A 15% single-day drop is scary, but I still want to wait for a rebound before shorting. Feels like now is the time to go short. --- The real problem is that buying volume can't keep up. That's a true sign of weakness, and there's still room for further decline. --- Setting a stop loss at 1.95 is a bit loose; it's like leaving a way out for yourself. --- I'm wondering if this might be a trap set by the big players to induce a short squeeze. There have been quite a few reverse operations lately. --- Breakdown with a high open interest—no fault in the logic, just feeling sorry for the longs that got liquidated.

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StablecoinAnxiety

· 4h ago

It's the same routine again. When the position volume is high, they start talking about cleaning out, and when it breaks down, they say it's going to fall. Why do I feel like they always say this every time, and then they turn around and push it up?

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ThatsNotARugPull

· 4h ago

Damn, another wipeout. Is this for real or not this time? Entered a short at 1.78, feeling a bit uncertain.

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Token_Sherpa

· 4h ago

honestly the forced liquidation angle hits different when you actually look at the on-chain data... but ngl, high open interest dumps always feel like a trap waiting to happen. been there, seen the rug too many times lol

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