$AXS Short Liquidation Breakdown

Liquidation Size: $1,344.3 at $2.267

Market Overview:

$AXS has encountered a notable short liquidation, reflecting a surge in buying momentum.

Bulls appear to be reclaiming control, but caution is advised as volatility may persist.

Crucial Price Points:

Support: $2.200

Resistance: $2.300

Trend Analysis:

The bullish surge has gained traction, but a sustained push above resistance is necessary for further upside.

Conversely, a failure to maintain support could trigger a pullback.

Strategic Play:

Buy Entry: Above $2.300 on a confirmed breakout.

Sell Entry: Below $2.230 if price weakens, aiming for support.

Next Move: Monitor price behavior near resistance to capitalize on a breakout or short opportunity.

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