$AXL arrived at the take profit position below in the morning, just a tiny bit away from the stop loss, the given levels are still very accurate!

Has $AXL taken off? How to choose the direction afterwards?

1. Cross-chain track windfall: The multi-chain acceleration of the crypto ecosystem, Axelar's cross-chain communication capability meets the cross-chain interaction needs in scenarios such as DeFi and NFT, becoming a target for capital speculation in the short term.

2. Capital sentiment drive: The 24-hour trading volume reached 484 million USDT, with a surge in volume, speculative funds quickly entering and exiting using the 'cross-chain concept', driving a pulse-like price increase.

3. Sector rotation effect: As the market switches from public chains and NFTs to 'infrastructure', cross-chain as a foundational track is likely to attract funds for risk-averse positioning.

Personal bearish core logic:

1. Competitive red ocean dilemma: The competition in the cross-chain field is fierce, with competing products diverting the market, and Axelar's 'full-chain interoperability' has not formed a unique technological barrier.

2. Token selling pressure risks: Team and institutional tokens are still in a linear release cycle; after a short-term speculative boom, medium to long-term selling pressure will suppress prices.

3. Technical divergence signals: The 15-minute K-line has fallen below the MA10 support, with increased volume surging followed by a decrease, showing a 'chasing high and getting trapped' pattern, with a sharp increase in the probability of a short-term correction.

I will also look for entry opportunities for $AXL , fans who want to follow K-ge's operational ideas, keep up with the speed! The market does not wait for anyone; seizing the opportunity is a turnaround!
#看懂K线 #AXL $AXL