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【$AXL Signal】Long Position Breakout with Volume Absorption
After volume breakout, the price is consolidating at a high level, indicating continuous buying interest. This is a healthy reset after a breakout, not a top distribution.
🎯 Direction: Long
🎯 Entry: 0.0845 - 0.0865
🛑 Stop Loss: 0.0810 $AXL Rigid Stop Loss (
🚀 Target 1: 0.0950
🚀 Target 2: 0.1020
) After a 18% strong rally, a tight flag pattern has formed at the high, with volume remaining active but the price refusing a deep pullback. The chart shows that support in the breakout area has been effectively confirmed, and each retracement on lower timeframes is quickly absorbed, with no significant selling pressure emerging. The increasing open interest combined with rising prices suggests that the main funds are entering to push the price up, rather than a passive rally caused by short sellers stepping in. As long as the price stays above the key support at 0.0810, the upward continuation trend has a higher probability.
Trade here 👇 $AXL
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