$AXL
đ AXL (Spot) â 4H Bullish Setup | My Personal View
Iâve been watching AXL on the 4H timeframe, and the structure is starting to look bullish.
Price is holding well above a strong support zone, and sellers are clearly losing momentum here. The last few candles show higher lows, which usually indicates that buyers are slowly gaining control.
Another positive sign is that price is consolidating instead of dumping, which often happens before an upside continuation.
đ What Iâm looking for:
âą Hold above current support
âą A clean 4H candle close above nearby resistance
âą Volume expansion on breakout
If this breakout happens, we could see a move towards the next resistance zone in the short term.
đ§ My spot approach:
No FOMO buying
Small entries, add on confirmation
Clear invalidation below support
Risk management first, profit second
â ïž This is not financial advice. Just sharing my personal chart observation.
Do you think AXL is ready for a breakout or needs more consolidation? đ
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