$AXT Signal: Bulls pushing on despite 1H top-back divergence risk

$AXT 1H RSI 70.47, a bearish MACD crossover has formed, and the sell-side depth ratio is 0.88. The 4H MACD bullish bars are still expanding, while the Bollinger upper band at 61.34 is capping price. Current price is 58.73, funding rate is zero, and the long-vs-short standoff remains tight.
🎯Direction: long
⚡Entry/Orders: 58.5538 - 58.7300
🛑Stop loss: 58.1427
🚀Target 1: 59.6109
🚀Target 2: 60.0514
🛡️Trade management: - Execute strategy: after reaching Target 1, cut 50% position size and move the stop loss up to breakeven. If price drops back to the entry level, automatically exit to protect principal.
Depth logic: The 1H divergence signal conflicts with the 4H trend, but the order book shows strong buy-side resistance. The risk-reward ratio is 1.5, making it worth a short-term swing trade.
Check live market 👇 $AXT
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