$AXL Bullish Signal
AXL shows signs of "weak to stable" for the first time after a continuous decline. Although it is still in a downward channel overall, key details have started to change:
— The lower level of 0.1055 has been quickly lifted twice, indicating that funds are supporting at lower levels;
— The K-line shows a short-term stop-loss pattern, no longer experiencing consecutive downward movements without resistance;
— RSI has started to rebound from the oversold area, and extreme emotional values have been released.
In other words, it is currently not a trend reversal, but rather a preparation structure for a technical rebound after the decline. Such positions often lead to a predictable short-term correction.
As long as the price continues to hold above the range of 0.106 – 0.108, there is a chance for the rebound to extend further.
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Bullish Trading Strategy
Entry Range
0.1070 – 0.1090
Take Profit Targets
T1 0.1128
T2 0.1165
T3 0.1200
Stop Loss
0.1048
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AXL is currently in the rhythm of "Deep Drop → Stabilization → Rebound Testing".
If it breaks through 0.113 with increased volume, the short-term will enter a more defined correction phase, with a chance to test the area around 0.12.
Trade Now $AXL
