$PIPPIN
$AXL / USDT Short Signal ⚠️
Let me clarify this structure for better understanding.
Previously, AXL had a long period of sideways consolidation, followed by an upward breakout. After the rise, it consolidated again and completed another upward push, indicating that the bullish strength was very strong during that phase.
However, the situation has changed now.
The market has started to weaken and move downward, with prices having broken below the previous consolidation range and trading below it. Typically, after multiple upward movements, buying momentum gradually diminishes, while sellers begin to slowly take over the market.
At this current stage, the market structure is more inclined towards a continuation of the downward trend rather than another upward push.
One needs to remain cautious in operations, act in accordance with the trend, and pay attention to risk management 📉
