AXL/USDT Quick Analysis (1-hour frame):
• Slight increase: The current AXL price is 0.7537 USDT, up +6.91% in the last 24 hours. The intraday high is 0.8191 USDT, and the low is 0.7021 USDT.
• EMA support:
• EMA(20): 0.7519 USDT
• EMA(50): 0.7316 USDT
The price is fluctuating around the EMA20, indicating a tug-of-war between buyers and sellers.
• Resistance & support:
• Near resistance: 0.7865 USDT and 0.8191 USDT.
• Support: 0.7111 USDT (EMA50 zone).
• Volume: Significant trading volume, showing strong interest from the market.
Comments:
• Trend: AXL is in a slight correction phase after peaking at 0.8191 USDT, but is still holding above the EMA50, indicating that the medium-term uptrend is intact.
• Bullish scenario: If the price bounces off the EMA20 and breaks above 0.7865 USDT, the target could be a return to the high of 0.8191 USDT.
• Bearish scenario: If the price breaks below the EMA50, the price could retreat to strong support at 0.7111 USDT.
Strategy:
• Consider buying around the EMA20 (~0.7519 USDT) if the price holds above this line.
• Place a stop loss below the EMA50 (~0.7316 USDT) to reduce risk.
Short-term profit targets at 0.7865 and further at 0.8191 USDT.
Pay attention to price action and volume around key zones!