【$AXS Signal】Hold Cash Waiting for Key Support Confirmation

$AXS Continued weak consolidation after breaking below EMA20, price action indicates a downtrend continuation rather than a confirmed reversal.
🎯Direction: Hold Cash (NoPosition)
Market Analysis: 4H chart shows consecutive bearish candles, weak buying pressure (Buy/Sell Ratio < 0.5), deep imbalance reaches 13.09% but price has not rebounded, indicating current buy orders are passive support rather than active accumulation. EMA20 (1.4619) has turned into a dynamic resistance.
Hardcore Logic: The key contradiction lies in the divergence between funding rate (-0.533%) and price decline. Negative funding rates usually signal short squeeze, but open interest remains stable, price is declining, and there is no significant buy absorption, suggesting that longs are being gently liquidated rather than shorts being squeezed. To go long, wait for the price to show a clear reversal candlestick (like a Pin Bar) at the key support zone (previous low 1.435-1.44) and for the buy ratio to rebound (>0.55).
Risk Control Perspective: Current price (1.476) is in a tricky position, with heavy resistance above (EMA20, 1.49), and support below unconfirmed. Profit/loss ratio is unclear, and win rate is insufficient. Strictly adhere to risk management principles, prefer to stay in cash until clearer PA signals emerge.
Trade here 👇 $AXS
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