⚡ $AXL /USDT (15m) – Rocket Ignition or Bull Trap?

📍 Current Price: $0.6021
🟩 Intraday Surge: Nearly +70% wick-to-wick move earlier in the day!

🧠 What the Chart Tells Us:

Massive impulse candle from $0.36 to $0.66 cracked the silence early this morning

A second, smaller wave just pushed price into a tighter consolidation above the 7 EMA ($0.5990)

Price is respecting the EMA(7) with near-flawless precision — that’s microbullish

📊 Moving Averages:

MA(7): $0.5990 (price hovering above = short-term support)

MA(25): $0.4772 (lagging hard = major cushion)

MA(99): $0.3676 (the “floor” from earlier breakout)

🔎 Microstructure Hints:

Consolidation after explosive move is normal & healthy

What we don’t want: lower highs + breakdown under $0.595 → risk of fading the rally

What bulls want: Clean break above $0.618 and hold = open door to $0.66 retest or beyond

🔥 Key Levels:

Resistance: $0.618 → $0.638 → $0.665

Support: $0.595 → $0.575 → $0.540

🎯 Scalp Setup:

Entry: Reclaim + 1 close above $0.608

Target: $0.63–$0.66

Stop: Below $0.59

⚠️ DYOR – Do Your Own Research.

This is not financial advice. Markets can be volatile — always trade responsibly!