$AXL /USDT BEARISH ANALYSIS ⚠️ | LAYER 1 TOKEN UNDER PRESSURE
📉 Current Price: $0.3753 (▼ -2.92%)
🚨 Market Outlook: Weak recovery attempts, selling pressure remains dominant.
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🔹 Key Levels:
Resistance 1: $0.3900 🔼
Resistance 2: $0.3965 (24h High) ❗
Support 1: $0.3719 (24h Low) 🛡️
Support 2: $0.3600 (key breakdown zone) ⚠️
📊 Price is hovering just above support. A break below $0.3719 could accelerate losses.
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🔴 Trade Setup (SHORT):
💥 Entry Zone: $0.3750 – $0.3800
🎯 Take Profits:
• TP1: $0.3680
• TP2: $0.3600
• TP3: $0.3480
🛑 Stop Loss: $0.3965 (above 24h high)
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📌 Risk Management Tip:
Limit risk to 1–2% of your capital. Adjust position size according to volatility and always stick to your SL. 🧠📉
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⚠️ AXL is struggling below key resistances with declining volume.
Downtrend likely to continue — trade carefully! 🔻📊
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