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$AXS (1H) - Momentum Rejection Short
Bias: Short
Entry (Zone): 1.12 - 1.16
Targets:
TP1: 1.08
TP2: 1.04
TP3: 1.00
Stop Loss: 1.20
Why this Setup:
I’m looking for a short after the sharp push into resistance, since the move has already stretched into a high-liquidity area and price is now likely to either reject or lose momentum. If buyers can’t hold acceptance above this zone, I expect a rotation back toward the nearest intraday support levels.