đ $AXL Price Action Insight | Key Resistance in Focus
The coin is currently trading near a critical resistance zone.
If the price fails to give a full 4-hour candle close above this resistance, it will indicate weakness and rejection from the level.
In that case, a downside dump can be expected with the following potential targets:
đ» 0.75 â 0.73 â 0.71
đ Important Note:
This bearish scenario will only be valid if the 4-hour candle does NOT close above the resistance.
A wick is not enough â a strong candle close is required.
However, if the price manages to close above the resistance, then the downside move should be ignored, and traders should avoid short positions.
â ïž Always trade with confirmation and proper risk management.
