Trade Setup — AXS/USDT
Bias: SHORT
Timeframe: 4H–Daily swing
Key Levels
· Resistance/Invalidation: 1.38
· Entry Zone: 1.28 – 1.32
· Stop Loss: 1.38
· Take Profit Levels:
· TP1: 1.20
· TP2: 1.12
· TP3: 1.02
Observation & Context
Price rallied sharply into a prior supply zone, showing a vertical markup move with little sustained buying follow-through. The fast rejection and inability to hold gains suggest short-term distribution, not a genuine breakout.
The Setup Logic
If price stays below 1.38, the exhaustion near resistance is likely to lead to a pullback toward the breakout base and the EMA99 on the daily chart. The risk-to-reward here is favorable—selling into strength near this zone offers an asymmetric opportunity, provided confirmation occurs.
Confirmation to Watch For:
· Rejection patterns (bearish engulfing, pin bars) on lower timeframes within the entry zone.
· Loss of immediate support around 1.25 accelerating the move toward TP1.
Invalidation Scenario:
A clean break and hold above 1.38 would shift the structure bullish, suggesting continued markup. In that case, the short setup is void.
Risk Management Note
Position size accordingly—wait for price to enter the zone and show confirmation before entering. No chase.
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Trade
$AXS 👇
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