$AXL Hereโs a technical analysis of AXL coin (Axelar) with support, resistance, TP & SL ๐
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๐ Market Overview
Trend: Neutral (slightly bullish if holds support)
AXL is an interoperability project, so it often moves with altcoin momentum + BTC trend
Price usually reacts strongly on volume spikes
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๐ Support Levels
Support 1: 0.90
Support 2: 0.80 (strong demand zone)
Support 3: 0.70 (major support)
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๐ Resistance Levels
Resistance 1: 1.05
Resistance 2: 1.20 (key breakout level)
Resistance 3: 1.40 (strong bullish target)
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๐ฏ Trade Setup
โ Buy Setup (Dip Buy)
Entry: 0.88 โ 0.92
Take Profit (TP):
TP1: 1.05
TP2: 1.20
Stop Loss (SL): 0.78
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๐ Breakout Buy Setup
Entry: After breakout above 1.20
TP: 1.35 โ 1.45
SL: 1.05
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๐ป Sell Setup (Short)
Entry: 1.05 โ 1.20 rejection zone
TP: 0.90 / 0.82
SL: 1.25
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๐ Strategy Tips
If price holds 0.80 zone โ bullish continuation possible
If breaks 0.80 โ strong bearish pressure
Always confirm breakout with volume + candle close
Follow BTC trend, altcoins depend on it
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๐ Simple view:
Above 1.20 = Bullish ๐
Below 0.80 = Bearish ๐
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