$AXL ~~~ It’s currently making a strong upward breakout, with a noticeable rally on the daily chart. On the weekly chart, it’s still at the bottom—consider waiting for a confirmed breakout or a pullback before entering. Currently, the volume increase during the rally is modest; I expect volume to expand significantly only after a true breakout. The weekly chart has already moved above the 30-period moving average, indicating a valid breakout. Additionally, the daily chart has closed above $0.053—the 280-day moving average level. If price stabilizes here, a strong upward move is likely. If trading futures, use low leverage, set your liquidation price farther away, and hold for the long term—manage your own risk!
方鸣🔶BNBShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.