I’m watching $AXL closely right now because price is holding strong after the pullback and buyers are stepping back in on the 15m chart. Momentum is slowing down on the downside and I’m seeing a clean bounce forming off support. I’m keeping it simple and direct with this setup.
Trade Setup
Entry Zone: 0.1400 – 0.1415
Target Points: 0.1455 and 0.1490
Stop Loss: 0.1370
This setup works because price is building support near 0.1400 while volume stays healthy and candles show rejection from the lower levels. I’m expecting a short push upward as long as the support holds.
