$AXL is now tapping straight into a heavy resistance pocket — the same 1580–1600 zone where price was brutally rejected just six days ago.
Nothing has changed structurally to suggest this area will break easily, and the MA cluster above is still pressing down. That makes this bounce a high-probability opportunity to position into a controlled short.
The plan is simple: enter at the resistance, where buyers historically run out of strength. If price spikes further, DCA around 1600–1620 gives you an even better blend, especially since the rejection wick last time came from this exact region. A protective stoploss at 1700 keeps the trade clean and disciplined while avoiding volatility traps.
If the rejection confirms, downside liquidity zones line up beautifully: 1550 → 1504 → 1440 → 1380 → 1300 → 1200 Each one represents a prior imbalance that the chart hasn’t fully filled yet.
This setup's all about patience — wait for the rejection, scale in smart, and let the trend do its thing.
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$AXL is now tapping straight into a heavy resistance pocket — the same 1580–1600 zone where price was brutally rejected just six days ago.
Nothing has changed structurally to suggest this area will break easily, and the MA cluster above is still pressing down. That makes this bounce a high-probability opportunity to position into a controlled short.
The plan is simple: enter at the resistance, where buyers historically run out of strength.
If price spikes further, DCA around 1600–1620 gives you an even better blend, especially since the rejection wick last time came from this exact region. A protective stoploss at 1700 keeps the trade clean and disciplined while avoiding volatility traps.
If the rejection confirms, downside liquidity zones line up beautifully:
1550 → 1504 → 1440 → 1380 → 1300 → 1200
Each one represents a prior imbalance that the chart hasn’t fully filled yet.
This setup's all about patience — wait for the rejection, scale in smart, and let the trend do its thing.