AXS recent trend is worth paying attention to. After a volume-driven decline, the market shows a clear weak structure.
**Technical Analysis:** A -10% volume-spike bearish candle appears on the daily chart, which is a strong bearish dominance signal. The price has broken through key psychological and technical support levels, and high trading volume clearly indicates active selling pressure rather than just long-term liquidation. From the market perspective, there is a lack of effective buying support, and market sentiment has turned noticeably pessimistic.
**Trading Strategy:** Short-selling opportunities have already formed. Entry range is between 1.805-1.825, with a strict stop-loss set at 1.880, providing a clear risk management standard. The first target is 1.720, and the second target is 1.650. The subsequent trend is likely to continue downward inertia, which is a typical characteristic of a sustained bear trend.
The volume-confirmed absorption of selling pressure indicates that the selling force is quite sufficient. Market participants should closely monitor this price action change.
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BlockchainBrokenPromise
· 8h ago
Another bearish signal. Can it really break 1.65 this time?
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BugBountyHunter
· 8h ago
Hmm, another short signal, but I feel like this pit is quite deep.
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Blockblind
· 8h ago
Damn, it's dropping again. I was already bearish on this thing.
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GasFeeAssassin
· 8h ago
Oh no, another sharp decline with high volume... Every time this happens, I want to buy the dip, but I always get hammered down.
Looking at your analysis, the bears are really fierce, so I need to hold the 1.880 level well, or else it will be painful to lose.
The target of 1.650 feels a bit greedy? Reaching 1.720 would be a real blessing.
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gm_or_ngmi
· 8h ago
Such a fierce volume-down candle, I'm still a bit hesitant to enter a short at 1.805.
AXS recent trend is worth paying attention to. After a volume-driven decline, the market shows a clear weak structure.
**Technical Analysis:** A -10% volume-spike bearish candle appears on the daily chart, which is a strong bearish dominance signal. The price has broken through key psychological and technical support levels, and high trading volume clearly indicates active selling pressure rather than just long-term liquidation. From the market perspective, there is a lack of effective buying support, and market sentiment has turned noticeably pessimistic.
**Trading Strategy:** Short-selling opportunities have already formed. Entry range is between 1.805-1.825, with a strict stop-loss set at 1.880, providing a clear risk management standard. The first target is 1.720, and the second target is 1.650. The subsequent trend is likely to continue downward inertia, which is a typical characteristic of a sustained bear trend.
The volume-confirmed absorption of selling pressure indicates that the selling force is quite sufficient. Market participants should closely monitor this price action change.