Spike Fade ๐งฏ
PAIR: $AXL
AXLUSDT
Perp
0.084
+13.97%
Position: Short
ENTRY ZONE: 0.0780 โ 0.0810
TAKE PROFITS:
1๏ธโฃ 0.0735
2๏ธโฃ 0.0695
3๏ธโฃ 0.0655
STOP LOSS: 0.0855
๐ 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
โ ๏ธ Safer Entry
Short only if 1H candle closes below 0.0765
OR rejection candle forms near 0.082โ0.085 zone