$AXS bounced cleanly from the 0.826 low and is now attempting a short-term recovery. The structure shows higher lows, but price is still trading below key resistance, so this is stabilization, not a confirmed reversal.

The main resistance zone is 0.86–0.875. A clean hold above this range would open room for a push toward 0.885. Until then, upside remains corrective.

Support lies at 0.84–0.83. As long as this zone holds, the recovery structure stays intact. A break below 0.826 would invalidate the setup and flip bias bearish again.

Trade idea:

Entry: 0.85–0.86 on acceptance

SL: Below 0.826

Targets: 0.875 → 0.885

Cautious long only after confirmation — otherwise, patience is key.