【$AXS Signal】Overbought pullback warning, waiting for more buying opportunities

$AXS 1H RSI surges to 93.30, 4H also at 88.86, clear signs of buying momentum exhaustion. Although the MACD histogram is still expanding, the price has moved far away from EMA20 and the upper Bollinger Band, and the funding rate of -0.1949% indicates extreme bearish crowding, with a possibility of a short squeeze. The order book buy/sell ratio is 1.21, with buy depth slightly ahead, but overall risk-reward is very low.
🎯Direction: Long (place orders on pullback)
⚡Entry/Order: 1.395 (recommended upper limit of entry zone, current price slightly higher, wait for pullback to place Buy Limit)
🛑Stop loss: 1.123 (risk management stop-loss level)
🚀Target 1: 1.403
🚀Target 2: 1.408
🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop-loss to breakeven at 1.395, and automatically exit if price falls below entry level.
Depth logic: Current price 1.402 is close to Target 1, short-term chasing profit/loss ratio is less than 0.03, although there are many bears, the price remains firm, and negative funding rates may trigger a secondary short squeeze. Wait for the price to pull back near 1.395 before re-entering, aiming for the final surge. If the order cannot be filled, abandon the trade.
Check real-time market 👇 $AXS
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