$AXL /USDT – Bearish Continuation After Breakdown

Current Price: ~$0.098

Weekly Change: −28.9%

Market Structure: Bearish

Technical Outlook

AXL is currently in a strong bearish trend, having lost a key psychological and structural level at $0.10. The recent impulse move down shows high selling pressure with little bullish response, indicating weak demand at current prices.

Price is trading below all major moving averages, and momentum remains negative across lower and higher timeframes. No confirmed base or accumulation pattern is visible yet.

Key Levels

Resistance Zone:

$0.105 – $0.112 (previous support → resistance)

Major Resistance:

$0.125

Support Zone:

$0.095 – $0.090

Next Downside Liquidity:

$0.085

$0.075 (if panic selling continues)

Trade Scenarios

Bearish Scenario (Primary):

Any pullback into $0.105–0.112 is likely to be a sell-the-rally opportunity

Expect continuation toward $0.090 → $0.085

Bullish Relief Scenario (Counter-Trend):

A reclaim and acceptance above $0.112 with volume could trigger a short-term relief bounce

Upside would still be limited unless price reclaims $0.125+

Bias

📉 Bearish until proven otherwise

No confirmation of reversal yet — patience is key. Catching bottoms without confirmation is high risk in this structure.

If you want, I can:

Mark this out exactly candle-by-candle for a TradingView post

Convert this into a short Twitter/X-style post

Or update it once AXL hits a key support 👀