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【$AXL Signal】Long + Volume Breakout
$AXL After experiencing a 39% violent surge, the price is currently undergoing healthy consolidation at high levels. Combined with a massive 164M volume and increasing open interest, this is a typical structure of main capital entering and accumulating, rather than a short squeeze.
🎯 Direction: Long
🎯 Entry: 0.0980 - 0.1020
🛑 Stop Loss: 0.0920 ( Rigid Stop Loss )
🚀 Target 1: 0.1180
🚀 Target 2: 0.1350
After breaking through a key resistance, the price formed a tight flag pattern at high levels, without large-scale profit-taking selling pressure. The massive volume confirms the authenticity of the buying interest, and the rising open interest indicates new long positions are being established. The retracements on lower timeframes are quickly absorbed, showing a strong market structure. As long as the price can hold above the breakout zone, further upward movement after consolidation is highly probable.
Trade 👇 $AXL
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