Short analysis $AXS
1. Technical analysis:
- Price is decreasing -3.93% with a considerable range
- RSI is in the 56-67 range, currently in a neutral zone
- MA lines are diverging downwards
- Volume is increasing significantly along with red candles, indicating selling pressure
2. Money flow analysis:
- Total trading volume:
+ Buy: 263,292 AXS
+ Sell: 329,444 AXS
+ Difference: -66,152 AXS (very strong selling pressure)
- Money flow by size:
+ Large: -14,206 AXS
+ Medium: -29,196 AXS
+ Small: -22,750 AXS
(All groups are strongly net selling)
3. Risk assessment:
- Price has decreased significantly, there may be a short technical rebound
- RSI is not too low so there is still room for decline
- Consensus selling pressure across all sizes is a good signal for shorting
4. Recommendation:
- CAN SHORT with:
+ Entry: 8.10-8.15
+ Stoploss: 8.40-8.50
+ Target 1: 7.80-7.85
+ Target 2: 7.50-7.60
5. Reasons for recommendation:
- Strong and consensus selling pressure
- Downtrend confirmed by multiple indicators
- Volume increasing significantly along with price decreasing
- Net selling money flow in all investor groups
However, it is necessary to:
1. Split orders to minimize risk
2. Set tight stoploss
3. Closely monitor market developments
4. Take partial profits when targets are reached