๐ด
$AXTI USDT BEARISH SETUP ๐ด
Price delivered a sharp vertical pump into resistance, but momentum is starting to look exhausted. After multiple strong green candles, chasing longs here becomes risky as profit-taking pressure can trigger a pullback.
๐ Entry Zone: $93.20 - $93.50
๐ Stop Loss: $94.10
๐ฏ TP1: $92.50
๐ฏ TP2: $91.90
๐ฏ TP3: $91.40
๐ The move appears overextended on the 15m timeframe, and rejection near the local high could send price back toward previous support levels. Waiting for confirmation is safer than entering blindly.
โ ๏ธ Invalidation: A strong breakout and close above $94.10 would weaken the bearish outlook and could trigger further upside.
๐ป Bulls pushed hard, but can bears finally take control and drag $AXTIUSDT back to the $91 zone? ๐
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