AXS recently experienced a surge in the market. From 1 yuan, it doubled to 2.2, attracting many with this rally, and it feels like the bull market is really coming. But a closer look at the chart reveals some issues.
After a large bullish candle pushed the price up, a clear A-shaped decline followed—what does this kind of candlestick pattern usually indicate? If the main force truly has plans for further upward movement, they would definitely not let the price drop like this at the high point. What's even more critical now is that the price has broken through previous key support levels, indicating that the main capital is indeed retreating.
Currently, the chart shows sideways consolidation, appearing lukewarm, but this is often a sign that the main force is actively inducing retail investors to buy in. The bullish structure has been completely shattered, and from a technical perspective, the possibility of forming new highs is very slim. The remaining likely scenario is slow distribution, with the stock price gradually declining. Any rebound would be another opportunity for the bears to send money away.
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MEVHunterWang
· 10h ago
It's the same old trick again, I've seen through it long ago.
But to be honest, retail investors are definitely going to suffer this time.
The signal of the main force dumping is too obvious; who can't see it?
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RektDetective
· 12h ago
Same old story, a big bullish candle is followed by a crash, I'm tired of seeing it
The main players have already exited, retail investors are still dreaming of a bull market
Consolidation is just a trap to lure more buyers, don't be fooled into catching a falling knife, buddy
I've seen too many V-shaped recoveries, none of them turned out well
Once the support level breaks, it's game over, and then it's a slow death
A rebound? Haha, that's just giving the bears a feast
This time, AXS is probably going to stage another big chop to harvest the retail investors
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RebaseVictim
· 12h ago
It's the same old story again, main funds retreating, retail investors taking over, hearing it so many times my ears are getting calloused.
If you're really going to crash, just do it and get it over with. What's the point of dragging it out in a sideways consolidation?
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AirdropHunterWang
· 12h ago
It's the same old story, main players retreating,诱导接盘, I've heard it too many times
Oh my, I just want to know, after this A-shaped decline, is it going to reverse and rally again, huh
Sideways trading is boring, let's wait and see
Rebound? Rebound means giving away money? Then I'll go long against it, see if you dare
This wave is indeed a bit fierce, let's stay cautious
I don't see any signs of main funds retreating, actually it feels a bit strange
Just one big bullish candle and it can scare you like this, you're too timid, buddy
If the support level breaks, what's the next support level? It can't possibly fall to zero, right
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HorizonHunter
· 12h ago
It's the same old story, A-shape, support levels, main force fleeing, I've heard it so many times my ears are calloused.
To be honest, I also feel something's off about this market, but your analysis sounds too confident, it's a bit frightening.
AXS recently experienced a surge in the market. From 1 yuan, it doubled to 2.2, attracting many with this rally, and it feels like the bull market is really coming. But a closer look at the chart reveals some issues.
After a large bullish candle pushed the price up, a clear A-shaped decline followed—what does this kind of candlestick pattern usually indicate? If the main force truly has plans for further upward movement, they would definitely not let the price drop like this at the high point. What's even more critical now is that the price has broken through previous key support levels, indicating that the main capital is indeed retreating.
Currently, the chart shows sideways consolidation, appearing lukewarm, but this is often a sign that the main force is actively inducing retail investors to buy in. The bullish structure has been completely shattered, and from a technical perspective, the possibility of forming new highs is very slim. The remaining likely scenario is slow distribution, with the stock price gradually declining. Any rebound would be another opportunity for the bears to send money away.