$AXS
Current Outlook: Bearish
Structure: Price has broken below a critical horizontal support zone, confirming downside pressure.
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Short Trade Setup
Entry Zone: $2.90 – $2.95
Targets (TP):
TP1: $2.80
TP2: $2.75
TP3: $2.60
Suggested Stop Loss: Above $3.00 (conservative) or tighter at $2.98 for aggressive risk control
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Technical Note:
Breakdown confirms shift in trend structure, potentially forming a lower low.
Volume confirmation + weak RSI may support further downside.
Watch for failed retest of broken support (now resistance at ~$2.95) to confirm entry.