$AXS Just Flashed a Signal!
$3.49K Long Liquidated at $3.116 – The weak hands just got wiped. Now it’s time to plan the next move like a shark!
Price Action Recap:
Massive long liquidation at $3.116 means smart money might be preparing for a bounce from pain. This could be the bottom... or a trap. Let’s break it down.
$AXS Trade Setup – High Risk, High Reward!
Buy Zone:
$3.05 – $3.15
(Watch for consolidation with strong volume confirmation in this range.)
Targets:
Target 1: $3.35 – reclaim of psychological support
Target 2: $3.52 – previous range mid-point
Target 3: $3.78 – trend shift confirmation zone
Stop Loss:
$2.95 (Breach of this level invalidates the bullish reversal setup)
Why This Setup Matters:
Long liquidations often signal local bottoms when price traps retail traders.
Volume spike + liquidation = possible reversal opportunity.
RSI oversold on lower timeframes = perfect storm for a bounce.
Risk Warning:
This setup is for short-term swing traders. Wait for bullish confirmation before entering. Always use proper risk management.
$AXS Traders, Stay Sharp!
If bulls step in now, this could be the start of a dead-cat bounce or full reversal. Are you ready?
