$AXL – My Current View
AXL has shown a strong bullish impulse, gaining over 30% in a short period of time. The structure is clearly bullish, with price trading above the SuperTrend on the 4H timeframe.
However, at the current price zone, I see increased risk for late long entries.
📌 Key points:
Price is trading close to a local high (~0.108)
RSI is in overbought territory across multiple periods
Strong volume supported the initial breakout, but momentum is starting to cool down
📉 Because of this, entering a long right now feels like chasing the move rather than trading with a favorable risk/reward.
🧠 My plan:
Prefer to wait for a healthy pullback toward key support zones
Alternatively, consider a long only after a clean breakout and strong confirmation above resistance
Patience > FOMO
The trend remains bullish, but timing matters. I’m watching how price reacts around support before making any decisions.
Not financial advice. Just my market view.
