AXS's recent trend has presented a good shorting opportunity.

From a technical perspective, the price rebounded to the 1.13 level and encountered resistance, then pulled back and broke below the 1.1 support. The signals on the 4-hour chart are very clear — bears are in control.

Specifically:

**Entry Point**: You can enter a short position during the pullback after the rebound to 1.13, or wait for the 1.1 level to be broken and confirmed before entering.

**Target Levels**: The first target is around 0.9, where there should be some support. If there is further downward space, the second target is near 0.8.

**Protection**: If the 4-hour candle closes back above 1.13, this trading setup should be stopped out, indicating that the previous bearish signals have been invalidated.

Currently, the downward momentum remains, so caution is advised when trying to catch the bottom.