AXS's recent trend is truly frustrating. Currently stuck at the 1.96 level, the 30-minute chart has long since shifted from support to resistance. Basically, the big players are defending the price to stabilize it, while retail investors follow suit and buy in.

Looking at the 1-hour timeframe makes it even clearer—the market gradually pushes higher, then quickly dumps, a routine everyone has seen before. So far, trading volume has already reached 1.7 billion, and the transaction amount even surpasses SOL. This level of activity is real. But here’s the problem: the slow upward movement is entirely driven by retail investors desperately buying in, while the big players are heavily offloading. The result is longer bearish candles than bullish ones, with prices falling faster and rising more slowly—classic distribution pattern.

From historical patterns, when a coin hits the trending search list, it’s often already at its peak. Given the current situation, the opportunity to short might already be in front of us.