$AXL /USDT BULLISH MOMENTUM BUILDING — READY TO BREAK RESISTANCE AND CLIMB HIGHER?
$AXL /USDT is currently trading at $0.4391, up 6.42% on the day, making it one of the top gainers in the Layer 1/Layer 2 space. The price surged from a low of $0.4031 to test near the $0.4522 resistance, indicating strong buyer interest and momentum shift toward the bulls.
Key Technical Levels:
Current Price: $0.4391
Immediate Resistance: $0.4450 – $0.4520 (24h high)
Breakout Resistance: $0.4550
Support Levels: $0.4300 and $0.4200
Major Support: $0.4030
The price structure is showing higher lows, indicating bullish pressure. A breakout above $0.4550 could open the door for rapid upside movement in the short term.
Trade Setup (Long Entry):
Entry Zone: $0.4350 – $0.4400
Target 1 (TP1): $0.4520
Target 2 (TP2): $0.4680
Stop Loss (SL): $0.4190
Market Outlook: The overall structure looks bullish in the short term. If price sustains above $0.4300, buyers could dominate and push AXL toward higher resistance zones. Momentum is supported by solid volume (29.09M AXL, worth $12.46M USDT).
Risk Management: Stick to 1–2% of portfolio per trade, always use stop-loss to manage downside, and avoid chasing candles. Let the setup confirm before entering.
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