$AXS /USDC BEARISH REVERSAL IN PLAY AFTER STRONG REJECTION FROM RESISTANCE 🔻
📉 Current Price: $2.708
⏫ 24H High: $2.823 | ⏬ 24H Low: $2.541
🔍 KEY LEVELS TO WATCH:
🔴 Resistance Zones:
$2.82 – Major rejection zone from recent highs
$2.79 – Minor resistance from local consolidation
🟢 Support Zones:
$2.65 – Short-term support (watch for breakdown)
$2.54 – Daily low and strong support area
📉 TRADE SETUP: SHORT ENTRY
🚨 Entry Zone: $2.72 – $2.76
🎯 Take Profit 1: $2.65
🎯 Take Profit 2: $2.54
❌ Stop Loss: $2.83
📐 Risk-Reward Ratio: ~1:2.5
📊 INDICATOR INSIGHT:
📉 MACD: Bearish crossover
📉 EMA: Price trading below 50 EMA
🔻 Bollinger Bands: Rejection from upper band
⚖️ RSI: Neutral zone with downward tilt
🛡️ RISK MANAGEMENT:
✔️ Risk only 1-2% of total capital per trade
✔️ Stick to your SL — no emotions, just discipline
✔️ Adjust position size based on your capital and volatility
🔥 Momentum is shifting bearish — don’t chase, plan your trade and trade your plan! 🔥
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