$AXL — Late Longs Cleared, Base Still Missing
Long Liquidation: $5.97K at $0.07595
Current Price: ~$0.074–0.076
AXL wiped overleveraged longs pressing into weak structure. This was a textbook liquidity grab below minor resistance.
Key State: Corrective, base-building required
Support: $0.072 then $0.068
Resistance: $0.079 then $0.085
Market Insight: Without a strong demand response, upside attempts remain vulnerable. AXL needs consolidation before any real recovery.
Sentiment: Cautious, defensive
Targets:
Relief bounce: $0.079
Risk extension: $0.068
Next Move: Stand aside until price holds above $0.072 with volume.
Pro Tip: When structure is weak, time is your best indicator.
AXL
0.0775
-5.60%
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