$AXL /USDT is showing weak short-term structure, currently trading around 0.0821, with a −1.2% move in the last 24 hours. After a failed push toward 0.0835, price saw a sharp rejection and dipped to 0.0811, followed by only a modest bounce. This behavior suggests the bounce is corrective rather than a trend reversal.
On the 1H timeframe, candles are forming lower highs with strong bearish follow-through, pointing to sellers regaining control and downside risk remaining elevated.
Market Structure Overview
Trend (short-term): Bearish continuation
Key Resistance: 0.0830 – 0.0836
Immediate Support: 0.0810 – 0.0805
Invalidation Level: Above 0.0842
Failure to reclaim the rejection zone keeps bearish pressure intact.
Trade Setup (Short / Intraday)
Entry Zone:
0.0828 – 0.0836
Target 1:
0.0810
Target 2:
0.0795
Target 3:
0.0775
Stop Loss:
0.0843
Trade Logic
Rejection from 0.0835 confirms overhead supply
The bounce from 0.0811 lacks volume, indicating weak demand
Consolidation below resistance favors a bear-flag continuation
A clean break below 0.0810 with volume can accelerate selling toward lower supports
