【$AXL Signal】1H level short squeeze, forced short covering under negative funding rate

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

Price around 0.0673 can directly enter long, with a stop below 0.0484. First target at 0.0676, second target at 0.0679.

This negative funding rate combined with strong price action often fuels forced short covering. 1H volume significantly increases during breakout, but subsequent buy-side depth shows slight imbalance, so caution is advised against chasing for short-term profit-taking. Stable open interest indicates traders are not leaving, and funds are still in the market betting. The risk-reward ratio is decent, but entry points are relatively high, making it more suitable for small positions to bet on the continuation of 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