$AXS Short Liquidation Breaks Resistance!
Key Details:
Liquidation Amount: $2,031
Liquidation Price: $7.12644
What’s Happening:
Bearish traders just got wiped out as $AXS smashed through the $7.12644 level, forcing shorts to cover.
This sudden squeeze signals growing bullish momentum, with short liquidations fueling upward pressure on the price.
Next Move:
1. For Bulls: This is a strong signal. Look for a sustained rally above $7.20.
If the volume continues to rise, the next resistance lies around $7.50.
2. For Bears: Tread carefully. Watch for signs of exhaustion near $7.25-$7.30 before considering re-entry.
Tight stop-losses are critical here.
3. For Neutral Traders: Wait for confirmation of direction. If $AXS consolidates above $7.10, it could lead to a significant upward move.
A breakdown below $7.10 might indicate a false breakout.
Pro Tip: Short liquidations often spark FOMO-driven rallies—capitalize on momentum, but stay vigilant for sudden reversals!
"Volatility is your friend if you play it right—what's your next move?"