2026-01-18 18:24:27

AXS's recent trend is worth paying attention to. After a volume-driven decline, a breakdown pattern has formed, and the open interest remains high, which usually indicates that the bulls are going through a cleansing phase.

From a technical perspective, a nearly 15% daily drop accompanied by massive trading volume is a typical sign of weakness. The price has already broken through a key support zone, and the decline under high open interest suggests that long positions are being forcibly liquidated, not just normal profit-taking.

Currently, selling pressure persists, and no effective buying support has been seen; rebounds are also weak. In this environment, following the downward momentum is the least resistance option.

If you want to participate in shorting, the approach is as follows:

📍Entry Price: 1.78-1.82 range
📍Stop Loss: 1.95 (strict stop loss)
📍First Target: 1.60
📍Second Target: 1.45

The overall logic is high open interest + breakdown decline + lack of buying support, which generally indicates there is still room for further decline.

AXS2,19%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
9
Repost
Share

Comment

0/400

RetiredMiner

· 01-21 15:50

Is there still someone buying the dip after the breakdown? I didn't understand this wave of the market. Dare to catch the falling knife with a 15% one-day trade—truly bold.

View OriginalReply0

BearHugger

· 01-20 22:30

A 15% drop combined with this trading volume, the bulls are indeed being wiped out... This time feels different.

View OriginalReply0

PoetryOnChain

· 01-20 04:08

At the time of the 15% drop, I already felt something was off. Now it seems the bear market is indeed a bit fierce... However, entering at 1.78 still feels like I should wait a bit longer. The rebound strength is so weak, it's really a bit frightening.

View OriginalReply0

ApyWhisperer

· 01-18 18:42

A 15% single-day drop combined with high-position holdings—this isn't a shakeout, it's a slaughter... The bears are really ruthless this time.

View OriginalReply0

LucidSleepwalker

· 01-18 18:36

Here we go again with the chip washing, I've played this trick several times before.

View OriginalReply0

SelfCustodyBro

· 01-18 18:29

1.78 shorting? Bro, this level is indeed a bit shaky, feels like the breakdown hasn't been complete yet. I need to see a break below 1.70 before making a move. --- The selling pressure is so strong, the bulls are really being shaken out. The lack of a rebound is too critical. --- High open interest combined with a breakdown—this combo is really fierce. But is the 1.45 target a bit too optimistic? Haha. --- A 15% single-day drop is scary, but I still want to wait for a rebound before shorting. Feels like now is the time to go short. --- The real problem is that buying volume can't keep up. That's a true sign of weakness, and there's still room for further decline. --- Setting a stop loss at 1.95 is a bit loose; it's like leaving a way out for yourself. --- I'm wondering if this might be a trap set by the big players to induce a short squeeze. There have been quite a few reverse operations lately. --- Breakdown with a high open interest—no fault in the logic, just feeling sorry for the longs that got liquidated.

View OriginalReply0

StablecoinAnxiety

· 01-18 18:29

It's the same routine again. When the position volume is high, they start talking about cleaning out, and when it breaks down, they say it's going to fall. Why do I feel like they always say this every time, and then they turn around and push it up?

View OriginalReply0

ThatsNotARugPull

· 01-18 18:27

Damn, another wipeout. Is this for real or not this time? Entered a short at 1.78, feeling a bit uncertain.

View OriginalReply0

Token_Sherpa

· 01-18 18:26

honestly the forced liquidation angle hits different when you actually look at the on-chain data... but ngl, high open interest dumps always feel like a trap waiting to happen. been there, seen the rug too many times lol

Reply0