AXS's recent trend looks quite interesting——from a technical perspective, the double top pattern suggests that the bulls have pushed up twice but lack the strength to go higher, showing signs of a downward move. Bearish signals are already brewing, and it might be time to consider short positions.

**Trading Parameters Overview:**
📍 Entry Range: 1.36 - 1.38
⛔ Risk Bottom Line (Stop Loss): 1.60
🎯 Expected Target: 1.20 - 1.15

**Why do I see it this way?**

From candlestick and technical indicator perspectives, AXS has currently rebounded to the previous strong resistance zone of 1.35-1.40. This is not just a simple price level; it is densely packed with trading activity, serving as a key area where multiple attempts to break higher have failed, and it is also a critical resistance level on the daily chart's downward trend line. More importantly, during this rebound, trading volume has been shrinking, unable to generate effective incremental funds, clearly lacking the upward momentum needed to sustain a rally.

The GameFi sector as a whole has been generally sluggish recently. Although there are occasional short-term rebounds that create some expectations, the actual sustained capital inflow remains lackluster. Looking at AXS's own ecosystem data further confirms this—active user growth has stagnated, and protocol revenue shows no clear signs of improvement. Market sentiment is generally cautious, and enthusiasm for chasing highs has noticeably cooled.

In the context of overall market oscillation, those tokens that previously experienced significant gains and are now in a correction phase tend to face renewed resistance at these key levels. AXS happens to be at such a position. From a risk-reward perspective, it looks quite favorable—if proper stop-loss measures are in place, this short opportunity is worth trying.