🚀 Trading opportunity on currency $AXL

💰 Current price: 0.0810

🎯 Targets:

• First target: 0.0858

• Second target: 0.0920

• Third target: 0.0980

🛑 Stop loss: 0.0710

📝 Brief explanation of the currency:

Currency $AXL belongs to network #Axelar , which is a platform that allows communication between different blockchain chains (Cross-chain). Its main goal is to facilitate the transfer of assets and data between networks at a glance and with high security.

📊 Analysis and indicators:

• Hourly frame: The price is currently above all moving averages (MA7, MA25, MA99), which is an indicator of the strength of the current upward trend.

• MACD indicator: We notice a clear positive momentum with green bars above the zero line, which supports the continuation of the rise.

• RSI indicator: The indicator has reached high levels (around 76 for RSI 6), which means there is very strong momentum, but we must be cautious of any slight correction as it is in the "overbought" zone.

💡 Advice:

The currency has shown excellent performance today with an increase of over 5%, it's best to enter the trade and monitor the price at the first target, and if it breaks the resistance, continue to the next targets while adhering to the stop loss.

⚠️ Warning:

This analysis is based on the current chart movement and my personal opinion, and is not considered investment advice. Always do your own research before making any decision.