$AXS Signal: Waiting for a callback to go long, beware of short squeeze at high levels


$AXS RSI 4H skyrocketed to 73.5, MACD momentum bars narrowed, buying pressure shows a gap at high levels. Funding rate -0.07% indicates bears are still resisting, but the price remains firm at 1.499, with deep sell orders on the order book (Bid/Ask Ratio 0.78). The short-term 1H has fallen back from 1.775 and is currently hovering near the upper Bollinger Band. The current price is not suitable for chasing longs; wait for a pullback near 1.492 to go long, set stop loss at 1.172, and take profit in stages at 1.506. Although the stop loss space is wide, the risk of a short squeeze in a negative funding rate environment makes light positions worth a gamble.
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AXS34.98%
BTC-0.3%
ETH-0.56%
SOL-1.12%
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