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$AXL DESCENDING TRIANGLE COLLAPSE – STRUCTURE SHATTERED 📉
Break below the multi-month descending triangle support flips the bias hard. Higher timeframe order flow shifts from accumulation to distribution, and every relief bounce gets sold into. 📉
Sellers are absorbing any buy pressure at the broken support level—textbook liquidity sweep behavior before further downside. I’m not chasing shorts at this level, but I’m watching for a retest of the breakdown zone as a potential continuation trigger. 🔍 If that 4H demand floor breaks, the next major bid area sits lower.
💬 Are you positioning for a breakdown re-test to short, or waiting for a reclaim above the triangle to flip bull? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
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#AXL #Breakdown #Bearish #Crypto #SellSetup 🐻 🔴