Spike Fade 🧯
PAIR: $AXL
AXLUSDT
Perp
0.0894
+23.82%
Position: Short
ENTRY ZONE: 0.0780 – 0.0810
TAKE PROFITS:
1️⃣ 0.0735
2️⃣ 0.0695
3️⃣ 0.0655
STOP LOSS: 0.0855
📊 Bearish Reasons
Parabolic pump profit booking phase
Strong rejection from 0.0922 high
Big red candle breaking below EMA7
Overextended above EMA25 & EMA99
Volume climax distribution signal
⚠️ Safer Entry
Short only if 1H candle closes below 0.0765
OR rejection candle forms near 0.082–0.085 zone