🚀 AXL/FDUSD Trading Analysis Support and Resistance Zones:
Support: The recent lowest point reached by AXL/FDUSD is now acting as support at approximately $0.5401.
$AXL Resistance: The highest point before the recent pullback serves as resistance, currently around $0.5546.
Role Reversal Concept:- When price breaks through a resistance level, it may become $AXL support (and vice versa).
Entry Strategies:
1.Bounce Approach:
Wait for confirmation (e.g., candlestick patterns) near support or resistance.
Avoid entering immediately to prevent false breakouts.
2.Break Approach:
Aggressive: Buy/sell when price passes through a zone.
Conservative: Wait for a pullback to the broken level before entering.
Current Values:
Price: Approximately $0.5472 FDUSD.
Money Flow: +13.08%.
RSI: 11.67%.
:Remember to manage risk and set profit targets. Happy trading! 📈💡Feel free to adjust or expand upon this post as needed. If you have any other requests, just let me know! 😊👍
