$AXL is not just catching a dead-cat bounce, and fading this move is getting expensive.
This is real. đ„
Price is at $0.0618, up 12.77% in 24h after a 12.4% 4h push, with $4.59M traded. Thatâs 5.4x the 20-day volume average. RSI at 62 says momentum is strong, not completely overheated.
The part most people are missing: funding is -0.091%. Shorts are paying while price sits above both the 20D and 50D moving averages. Thatâs a nasty setup for anyone leaning bearish.
$ETH can rally and drag the market higher, sure, but AXL is showing its own demand here.
At $0.0618, Iâm not chasing. I want to see whether it holds this level instead of instantly fading.
What am I missing about AXL?
#AXL #CryptoNews
This is real. đ„
Price is at $0.0618, up 12.77% in 24h after a 12.4% 4h push, with $4.59M traded. Thatâs 5.4x the 20-day volume average. RSI at 62 says momentum is strong, not completely overheated.
The part most people are missing: funding is -0.091%. Shorts are paying while price sits above both the 20D and 50D moving averages. Thatâs a nasty setup for anyone leaning bearish.
$ETH can rally and drag the market higher, sure, but AXL is showing its own demand here.
At $0.0618, Iâm not chasing. I want to see whether it holds this level instead of instantly fading.
What am I missing about AXL?
#AXL #CryptoNews