AXL/USDT Gearing up for a Bullish Momentum? 👀🚀AXL Analysis

15 Mar

💎Paradisers, prepare for action as #AXLUSDT is on the move, nearing a pivotal support after facing rejection at a significant resistance. The momentum's persistence suggests a high likelihood of a rebound from this position, especially considering the historical performance where this support has consistently triggered strong bullish responses four times before.

💎Currently, #Axelar is under a seller's domain, as indicated by prominent red candles revealing intense selling pressure. However, we're staying proactive, observing the price's interaction with the crucial support level closely. Upon securing confirmation, we'll meticulously strategize our entry.

💎For the discerning trader, should #AXL's momentum waver at this essential support and break lower, our focus shifts towards anticipating a bullish recovery from the subsequent demand zone.

💎Given the liquidity present, there's a substantial chance for AXL to rally from this point, whereas a fall below could lead to a notable decline.