$AXL Layer 1/Layer 2 Aims for Higher Ground! 🚀
On the 1h timeframe, $AXL currently at $0.3812, up by a solid +5%! The 24h high is $0.3855, with a volume of 9M AXL and 3M USDT. The RSI is very high at 80, indicating strong buying pressure.
✅ Key Observation:
#AXL is showing strong upward momentum on the 1-hour chart, approaching its 24h high.
next Next Potential targets:
🎯 $0.3855 (24h high - immediate resistance)
🎯 $0.3900 (potential next resistance level)
🎯 $0.4000 (key psychological resistance level)
🛡️Important Support Level (to watch for potential pullback):
🛡️ $0.3700 (potential near-term support zone)
🛑 Stop Loss: Consider a stop loss around $0.3650 to manage potential downside risk.
📈 **Potential Price Path in the Immediate Future:**
#AXL is demonstrating strong bullish momentum as it aims to push past its 24-hour high of $0.3855. A successful break above this level with increasing volume could lead to a rapid move towards the $0.3900 resistance and potentially the key psychological level of $0.4000. The strong RSI suggests continued upward potential in the short term. However, be mindful of overbought conditions and potential profit-taking.
Buy and trade here on $AXL