$$AXL Looking for the Absolute Floor

1. Overall Trend Judgment (Core)

Current Situation: The current price is only $0.1182, having fallen more than 90% from its peak. Although the recent K-line has been consolidating at the bottom, the center of gravity is still slowly moving downwards. Previous attempts to rebound to $0.20 have all failed, indicating that the bears still control the situation, and the bulls' confidence is extremely lacking.

The mid-term trend of AXL is extremely weak. It is currently in a "liquidity black hole." Although the price seems cheap, there are no clear signals of a bottom reversal, and it is still in the process of looking for the "absolute floor."

2. Key Levels

Resistance Level (Selling Pressure Area):

Short Resistance: $0.150 - $0.160. The upper edge of the recent weak oscillation box. A rebound to this level will see short-term profit-takers choose to exit.

Strong Resistance: $0.300. A downward continuation platform in the middle of the chart. This was once the last line of defense for the bulls, but after breaking down, it has become an extremely heavy "ceiling." Only by standing above $0.30 can one say it has stepped out of the "ICU."

Support Level (Defense Area):

Lifeline: $0.110. The current area of the entity's closing low. The bulls are fiercely defending this position. If the closing price falls below $0.11, a new accelerated downward channel will be entered.

Extreme Bottom: $0.050 - $0.080. The terrifying "pin bar" low point on the right side of the chart. This is the extreme position under extreme panic and the last area for pending orders to take delivery.

3. Trading Volume Signals

Signal: Extremely low volume.

The trading volume has been in a prolonged state of gloom.

Interpretation: Forgotten by the market. Buying interest has dropped to freezing point, and selling has gradually become numb. Without the care of the main funds, the price can only drift with the tide.

4. Operational Strategy

For Holders: Extremely passive.

At the current price (down 90%), cutting losses has little significance.

It is advised to firmly hold $0.110. If it does not break, consider it as buying a long-term lottery ticket; if it effectively breaks down, it is recommended to liquidate and retain the last bit of residual value.

For Those Not Holding: Do not recommend entering.

Risk: This trend is like a dull knife cutting flesh, and it is highly likely to continue falling slowly.

Speculation: Unless you are aiming for a pin bar rebound in the $0.05 - $0.08 range, do not take delivery halfway up the mountain ($0.11).

5. Summary

AXL has become a "zombie coin," with an extremely bad trend; proceed with caution!