【$AXL Signal】1H level short squeeze, short covering in a negative fee environment

$AXL 1H level volume breakout above Bollinger upper band, price surges to 0.0676. The 4H MACD histogram continues to expand, indicating strong bullish momentum. However, RSI spikes to 90.78, rapidly increasing the risk of a buy-side divergence. The -1.0859% negative fee rate exposes short positions under pressure, with the price holding firmly above the moving average, forming a typical short squeeze structure.

The price around 0.0673 can directly enter long positions, with a stop below 0.0484. The first target is 0.0676, the second target is 0.0679.

This negative fee environment combined with strong price action often fuels forced short covering. The 1H volume significantly increases during the breakout, but subsequent buy-side depth shows slight imbalance; caution is advised against chasing for short-term profit-taking. Stable open interest indicates traders are not exiting, and funds are still engaged in the market. The risk-reward ratio is acceptable, but the entry point is relatively high, making it more suitable for small positions to continue the short squeeze.

Check real-time quotes 👇 $AXL
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#GatePreIPOs首发SpaceX #Gate13周年现场直击 #美伊局势和谈与增兵博弈