🚀 LONG SETUP on $AXL
$AXL is recovering nicely with a +3.40% move after bouncing hard from the 0.05665 low.
The chart shows a sharp sell-off followed by a strong impulsive recovery with multiple green candles driving price back above the short-term moving averages.
Price is currently at $0.0608, trading right at MA7 (0.0608), slightly above MA25 (0.0604), and comfortably above MA99 (0.0591). This confirms the short-term bullish structure is rebuilding.
Zones to watch
Immediate resistance sits at 0.0617 (24h high). A clean break could unlock another leg higher.
Key support lies between 0.0591 and 0.0567 aligned with MA99 and the recent low.
Momentum
Recovery volume expanded sharply, showing buyers stepped in with conviction. Price reclaiming the MA cluster after the dip adds strength to the recovery narrative.
Scenarios
Long case (Main Setup): Hold above 0.0591 and break 0.0617.
Take Profit 1: 0.0635
Take Profit 2: 0.0650 – 0.0670
Short case: Losing 0.0591 would weaken the recovery structure.
Overall $AXL has shown solid resilience by snapping back from the lows and reclaiming key moving averages. The current consolidation above support keeps the setup constructive and favors continuation if buyers push through the recent high.
Bias: LONG (Favors further upside continuation on break of 0.0617)
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