🚨 $AXS Strong Bullish but overbought, I'd Short here for Short-term correction play
Last 5 candles show:
• A pin bar rejection at $2.465
• Two consecutive bearish engulfing patterns near $2.37
• Declining volume during up moves (divergence)
• Strong support cluster at $2.09 (Support + MA20 confluence)
Recent 4H/24H volumes (423M+) show capitulatory buying, but last 1H volume declined – signaling exhaustion.
Capital Flows:
Spot: Net outflows over 24H (-270K USDT) and 7D (-5.88M USDT) indicate profit-taking.
Futures: Massive 24H net inflows (+19.17M USDT) contradict spot flows, creating liquidation risk if momentum falters.
Entry short $AXS : 2.38 - 2.42 zone (Current resistance retest)
Stop-Loss: 2.52 (3.5% above entry)
Take-Profit $AXS : TP1: 2.20
TP2: 2.09 (strong support confluence)
Support me just Click below to Trade 👇 Cheers.
Avoid entering if price sustains above $2.45 with volume. #axs #axsusdt #AxieInfinity