【$AXS Signal】Bearish + Volume Breakout

2026-01-18 17:20:55

$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

Follow me: Get more real-time analysis and insights on the crypto market!

#Gate Plaza Creator New Year Incentive

#Weekend Market Analysis

#GateFun Token Recommendation

#GateLaunchpadIMU

AXS-3,8%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes