From the 4-hour K-line chart, AXS recently surged quickly to around 2.23 but lost momentum, directly falling back from the high level, and then entered a typical high-level oscillating downward channel. The Bollinger Bands have been operating below the middle band, with each rebound being firmly suppressed by the middle band, and the highs getting lower and lower, which is a clear sign of weakness. The trading volume is also very poor; volume shrinks during rises and expands during declines, indicating a very clear sign of main force retreat.
AXS is currently a weak rebound and correction coin; the bearish outlook remains unchanged. My suggestion is to go short around 2.0 on rallies, with a recent target of 1.80. If it breaks below, continue to watch 1.60, and in the long term, it may even probe towards the 1.0 level.
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DEXRobinHood
· 9h ago
The main force is running away really fast, AXS definitely has no chance this time
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Bollinger Bands are suppressing the rebound, volume divergence, the bearish idea is not wrong
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Entering short at 2.0 is definitely right, 1.8 is not a dream
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Another coin being drained by the main force, truly impressive
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This round, the bears are definitely winning, wait for the bottom at 1.6
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The highs are getting lower, just looking at it makes me angry, AXS is really disappointing
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With such poor volume, still expecting a rebound? Dream on
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Short at 2.0 on every rally, I followed this move
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The signs of the main force fleeing are too obvious, retail investors are going to get cut again
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1.0 is a real dare to say, but it doesn't feel like a dream
View OriginalReply0
GasGuzzler
· 9h ago
The main force is running very fast, I don't think my bearish view on AXS is off-topic.
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2.0 bears entered a bit late, should have run much earlier.
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This wave of volume-price divergence is too obvious, a pile of sell signals.
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Breaking 1.8 is a certainty, the question is whether it can hold at 1.6.
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Always talking about being bearish but end up getting slapped in the face by the rebound. I'll wait until I bottom out to say more.
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Weak coins should be shorted, no need to hesitate.
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The Bollinger Bands are so tight, it might go below 1.0.
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With such trading volume, the main force is indeed withdrawing. I believe you this time.
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Rebound correction? I think it's just a trick to trap retail investors into buying in.
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I'll only consider touching AXS when it drops to 1.0.
View OriginalReply0
quietly_staking
· 9h ago
AXS this wave indeed didn't run well, it started weakening on 2.23. Under Bollinger Band resistance, there's no hope for a rebound, and with such poor volume, the main players have definitely exited.
The bearish strategy is not wrong; entering at 2.0 is a safer move.
View OriginalReply0
BlockchainTherapist
· 9h ago
The main force has long run away, and we retail investors are still here taking the bait.
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2.0 bears are indeed attractive, but I feel sorry for the brothers who are trapped.
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Decreasing volume with rising volume and falling prices, this routine is too old, does anyone still believe it?
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Breaking 1.80 feels like only a matter of time, AXS has indeed underperformed this wave.
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Honestly, looking at this trend, I’ve already cut my losses to avoid further losses.
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The Bollinger Band top signal is everywhere, but AXS truly didn’t escape this time.
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Weak coins rebounding are just bear opportunities; simple and straightforward is the best approach.
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1.0 is indeed a bit aggressive, but who knows with this pace?
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The signs of main force retreat are so obvious, and some still buy? I really can’t believe it.
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The bearish mindset remains unchanged, just waiting for 2.0 to send me a ticket.
From the 4-hour K-line chart, AXS recently surged quickly to around 2.23 but lost momentum, directly falling back from the high level, and then entered a typical high-level oscillating downward channel. The Bollinger Bands have been operating below the middle band, with each rebound being firmly suppressed by the middle band, and the highs getting lower and lower, which is a clear sign of weakness. The trading volume is also very poor; volume shrinks during rises and expands during declines, indicating a very clear sign of main force retreat.
AXS is currently a weak rebound and correction coin; the bearish outlook remains unchanged. My suggestion is to go short around 2.0 on rallies, with a recent target of 1.80. If it breaks below, continue to watch 1.60, and in the long term, it may even probe towards the 1.0 level.