$AXS / Axie Infinity

Sell-the-rally bias as price shows sharp vertical markup into prior supply followed by weak follow-through and fast rejection, signaling short-term distribution after an exhaustion move rather than sustainable continuation.

Bias: SHORT

Entry: 1.28 – 1.32

Stop-Loss: 1.38

TP1: 1.20

TP2: 1.12

TP3: 1.02

As long as price fails to reclaim and hold above 1.38, downside rotation toward the breakout base and EMA99 is favored. Chasing strength here offers asymmetric downside risk; patience is required for confirmation or invalidation.

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AXSUSDT

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1.116

-11.91%