Trend Analysis
$AXL The asset shows a short-term trend reversal to the upside.
Moving Averages: The price crossed above the MA(7) and MA(25), indicating recent buying strength. However, the MA(99) (purple line at the top) still acts as a macro resistance.
Indicators: The MACD shows a positive crossover and increasing green bars, confirming the momentum. The RSI is at 68, approaching the overbought zone (70), which suggests caution for immediate entries at the "top" of the current candle.
Trade Strategy
Entry Zone: Between 1.480 and 1.510. (Waiting for a slight pullback to test the 7-period average as support is safer than buying on the stretched breakout at 1.538).
Stop Loss (Protection): 1.340 (Below the recent low and the 25-period average).
Targets (Take Profit)
TP1: 1.650 (Immediate resistance and maximum of 24h).
TP2: 1.750 (Previous intermediate congestion zone).
TP3: 1.830 (Touch on the 99-period moving average, strong resistance).
Capital Protection Tips
To avoid giving back profits to the market and survive in the long term, apply these rules:
Break-even Rule: As soon as the price hits TP1, move your Stop Loss to your entry point. This ensures that if the market turns, you exit at "zero cost".
Partial Realization: Don't try to hit the maximum top with your entire bankroll. Sell 50% of the position at TP1, 25% at TP2, and leave the remainder for TP3.
Risk Management: Never commit more than 1% to 3% of your total capital to a single trade.
Attention to RSI: If the RSI exceeds 75-80 on the 4h chart, the asset is "stretched". Avoid buying at that moment and wait for a correction.
#AXL #cryptotrading #trading #crypto