If we talk about the most eye-catching coin recently, the long-dormant AXS suddenly exploded. It surged over 60% straight from the bottom, reigniting market enthusiasm for this former Play-to-Earn legend overnight.

Data speaks: the current price fluctuates around $2.00-$2.04, with a 24-hour increase of stable between 63%-65%. Even more impressive is the trading volume—directly soaring to a daily transaction scale of $650 million-$760 million, which is also uncommon in AXS history. The 7-day cumulative increase has exceeded 100%. In other words, this is not a mild rise but an extremely strong pulse market.

**What is the current market doing?**

The GameFi sector shows clear signs of capital rotation. Coupled with the adjustment of SLP reward mechanisms, tokenomics optimization, and expectations for a new roadmap, several forces stacking together have created this wave. The short-term momentum is indeed unprecedentedly strong, but this also means risks and opportunities coexist.

**Three trading strategies, prioritized**

The first is to follow the mainstream trend, which is also the highest probability approach. The current price range of $2.00-$2.05 can be lightly bought for long positions, or wait for a pullback to the key support zone of $1.80-$1.90. Once confirmed with increased volume and stabilization, add to positions gradually. The first target is the recent resistance zone of $2.30-$2.50. If the volume continues to surge and breaks through, the second target is above $2.80. Stop-loss must be strictly set below $1.70-$1.75; a break below indicates this pulse may be ending, so beware of bullish trap risks.

The second approach is profit-taking and reducing positions within the range, suitable for those who have already entered. Gradually reduce positions at high levels of $2.10-$2.30 to lock in profits, while keeping some core holdings for a pullback to re-enter later. This plan prioritizes risk control, with single-position size controlled at 5%-10% of total funds for safety.

The third approach is more aggressive: either continue to increase volume and push through $2.20 for a small long position aiming for above $3.00; or wait for a quick retracement to $1.60-$1.70, and when clear stop-loss volume appears, aggressively buy the dip. Stop-loss should be set below $1.50, with a quick rebound target back to $2.20. This is suitable for traders with high risk tolerance, with position sizes tightly controlled.

**Position management is key**

No matter which strategy is chosen, overall position size should be controlled within 15%-30% of total funds. Given the market volatility, protecting existing profits and setting strict stop-losses are top priorities. Keep an eye on Bitcoin’s trend, whether trading volume can stay high, and the breakthrough strength of the supply zone at $2.00-$2.20—these are important references for judging how far the market can go.

The cryptocurrency market is inherently extremely volatile. Ultimately, independent judgment based on real-time charts and personal risk tolerance is essential. Wishing everyone successful trading.