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AXS's recent performance is worth paying attention to. A daily chart shows a -10% volume-driven bearish candle, which is a typical bearish dominance signal. The price has broken below a key support zone, and with high trading volume, this indicates that it's not just a simple long liquidation but genuine selling pressure.
What is the current market situation? There is a lack of effective buying support, and market sentiment has turned pessimistic, which means the probability of an inertial decline is high.
If you are bearish on this wave of the market, you can consider this trading idea:
📍 Entry zone: 1.805 - 1.825
🛑 Hard stop-loss: 1.880
🎯 First target: 1.720
🎯 Second target: 1.650
Of course, this is just an observation based on the current technical analysis. Market changes happen quickly, and proper risk management is key to long-term stability.