AXS Bullish Pullback – Healthy Correction Within an Uptrend
Market Context
After a strong 24H rally of +19.69%,
$AXS faced rejection at the 2.214 resistance, printing a pin bar near 2.203. Price is now pulling back toward 1.927, which sits inside a well-defined support flip zone (1.864–1.954). This behavior is consistent with a corrective move rather than a trend reversal.
Volume Insight
On the 1H timeframe, sell volume is clearly fading during the pullback. The latest candle shows 13.49M in volume compared to prior peaks above 80M, signaling that selling pressure is weakening and sellers are losing momentum.
Capital Flow Analysis
- Spot: Net outflows over 24H (-3.51M USDT) suggest short-term profit-taking.
- Futures: Strong net inflows over 24H (+16.19M USDT), despite brief intraday outflows (e.g., -6.94M over 30m). This divergence indicates leveraged longs are positioning into the dip.
Trade Setup – Scalp Long
$AXS - Entry Zone: 1.864 – 1.890 (key support confluence, wait for volume confirmation)
- Stop Loss: 1.780 (below support and recent swing low)
- Take Profit: 2.06 – 2.10 (prior resistance zone + MA5)
Invalidation
A clean break below 1.864 invalidates the bullish setup.
Overall, this pullback appears to be a healthy correction within a broader bullish structure, not a breakdown.
$AXSUSDT Perp
Price: 1.926 (+19.1%)
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