【$AXL Signal】Short squeeze continuation, 1H level strong rebound confirmation

$AXL At the 1H level, after a historically significant surge, the price is currently consolidating strongly at high levels, which is a healthy sign of a short squeeze. The 4H level saw a massive bullish candle that directly reversed a month-long downtrend. The current price is above all short-term moving averages with strong momentum. The key point is: the funding rate is as high as -1.56%, but open interest remains stable and the price is firm. This is a typical short squeeze structure, with bears still being forced to cover, fueling the subsequent rally.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0638 - 0.0642 (Enter near the current price)

🛑Stop loss: 0.0615 (Below the previous low on the 1H level and the bottom of the massive K-line)

🚀Target 1: 0.0680 (Resistance near the previous high)

🚀Target 2: 0.0720 (Fibonacci extension level on the 4H level)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Intraday gain has exceeded 28%, volatility is extremely high, risk and opportunity coexist)

- Execution strategy: After entering, if the price quickly surges above 0.0665, consider partial profit-taking. After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. The remaining position aims for Target 2.

Deep logic: This is not an ordinary rebound. The 1H RSI is as high as 89, indicating overbought conditions but no reversal yet, which is characteristic of a strong market. The order book shows heavy sell orders above 0.0645, but buy-side depth is also solid, with fierce turnover between bulls and bears. Most importantly, despite an extreme negative funding rate of -1.56%, open interest remains stable, and the price refuses deep correction, indicating that short positions are very costly and being squeezed. Market logic suggests ‘price rises, combined with open interest analysis,’ and stable OI proves this is driven by main players rather than purely short covering. The 1H EMA20 has quickly crossed above EMA50 to form a golden cross, providing dynamic short-term support.

Check real-time quotes 👇 $AXL

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