Veteran players who have traded counterfeit altcoins know all too well: this current market move is purely driven by sector grouping and “crowd trading.” After a fierce surge, the heat is now visibly cooling down. The gaming sector’s hype came fast and fizzled just as quickly. With no solid, hard-hitting positive catalysts to prop it up, relying only on funds to push it higher simply can’t support a long-lasting uptrend.

At present, the market is clearly unable to rise any further. In the short term, the bulls lack staying power. Retail traders who entered at high levels have crowded their positions together, and selling pressure is gradually building. The overall trend has started to weaken. Most of the excitement has already passed; inside the market, funds mostly choose to watch from the sidelines or exit. There’s no longer the same atmosphere as before when prices were surging aggressively.

When it comes to trading, never blindly chase longs. Buying at high levels is an extremely high-risk move. At this stage, the overall price action leans bearish, and short-term shorts offer better value on cost-performance. Whether you go long or short, don’t go in with heavy positions. Right now, the market is volatile and liquidity is relatively weak—one careless moment can easily get you harmed by a short-term spike.

If you enter, you must lock onto the key price levels, set your stop-losses, and don’t stubbornly hold and “fight it out” if things go against you. AXS itself is quite volatile; once the hype is over, it’s easy to fall back. Don’t be misled by temporary fluctuations on the chart—understand the market’s rhythm, trade steadily, avoid high-level risks, and keep it to smaller steps. $AXS