$AXS ‌AXS has dropped sharply and is now sitting near an important support zone. This area usually decides whether price bounces or continues lower.

Bullish scenario:
If price holds the current support and stabilizes, a short-term relief bounce is possible. Oversold momentum on lower timeframes often allows a move back toward the nearest resistance zone.
Bearish scenario:
If support breaks and price stays below it, weakness may continue. In that case, price can slide toward the next support area before buyers step in again.
This is a decision zone.
Hold support = bounce attempt.
Lose support = more downside.
This is a personal market view, not financial advice.