๐ฏ What to watch now (near term trading signals)
Support / resistance zones: Watch how price behaves near recent support (the recent low-range) and key resistance (prior swing high or technical levels) โ a clean break above resistance on good volume might signal more upside.
Volume & momentum: If recent volume surge continues with rising RSI / bullish momentum, that could confirm this rebound.
Broader market / crypto-market trend: Since altcoins often follow the broader crypto market, any major Bitcoin or macroeconomic moves could drag or lift AXL.
๐ก Strategy ideas for traders (not advice)
Short-term bounce play: If you believe this rebound continues โ consider small position targeting a move to resistance or a โswing highโ (with tight stop-loss).
Wait for confirmation: If uncertain, wait for a clean breakout + volume confirmation before entering โ reduces risk of a false bounce.
Treat as swing trade, not long-term hold: Given high volatility and uncertain broader macro, AXL right now seems more suitable for short-to-medium-term opportunistic trading (not โset-and-forgetโ)
