Here’s a concise technical analysis for $AXL
/USDT based on the provided data:
Technical Analysis
Price Trend: Uptrend (+6.79%) with strong buying momentum.
Key Support: $0.7910 (near-term support).
Key Resistance: $0.8300 (current level and 24h high).
Momentum: Bullish, as evidenced by the steady climb and high 24h trading volume.
Trade Signal: BUY
Entry Zone: Between $0.8170–$0.8220 (after a minor retracement).
Stop-Loss: $0.7850 (below the support level).
🎯 Targets:
1. Target 1: $0.8400 (short-term resistance).
2. Target 2: $0.8600 (psychological barrier).
3. Target 3: $0.8800 (extension target in continued bullish momentum).
Trade Momentum: Bullish
Buyers dominate the market with increasing interest and volume. Look for trend confirmation at lower timeframes before entry.
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