$AXL is showing clear signs of weakness after the recent bounce. Every push higher is getting sold into, which tells us buyers are struggling to gain real acceptance at these levels. Price moved into a known supply zone, and sell pressure appeared almost immediately, limiting any upside follow-through.
Momentum is now starting to roll over again, suggesting this move up looks more like a corrective bounce rather than the start of a new uptrend. As long as this supply zone continues to cap price, the downside bias remains intact and continuation lower stays favored.
Short Setup (Idea):
Entry zone: 0.0935 – 0.096
Stop loss: 0.101
TP1: 0.0919
TP2: 0.0890
TP3: 0.0861
Risk management is key here. If price fails to reclaim higher levels with strong volume, sellers remain in control.
Trade responsibly.
#AXL #AXLUSDT #CryptoTrading. #ShortSetup #Binance

AXL
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