$AXL USDT BULLISH RALLY COOLING OFF AFTER STRONG +16% SPIKE, KEY SUPPORT NOW IN FOCUS
Axelar is currently trading around 0.0491, showing strong bullish performance after a sharp +16% surge. Price recently tested the 0.0546 resistance zone but faced rejection, leading to a short-term pullback. Despite this correction, the overall structure remains bullish as higher lows are still intact, suggesting buyers are gradually absorbing sell pressure.
If price holds above the 0.046–0.048 support zone, another bullish attempt toward 0.052 and 0.054+ is likely. A breakout above 0.0546 would confirm continuation of the bullish trend, while losing support may trigger deeper consolidation.
---
TRADE SETUP (LONG IDEA)
Entry: 0.04650 – 0.04850 (accumulation zone)
Take Profit 1: 0.05200
Take Profit 2: 0.05460
Take Profit 3: 0.05700
Stop Loss: 0.04420
---
SHORT SETUP (IF SUPPORT BREAKS)
Entry: Below 0.04600
Take Profit 1: 0.04400
Take Profit 2: 0.04230
Stop Loss: 0.04850
---
MARKET Setup
Overall trend remains bullish but cooling in the short term. Market is in a healthy retracement phase after a strong impulse move. Buyers still control structure, but confirmation above resistance is needed for continuation.
---