🎯 Short $AKE
I think the distribution phase is almost complete. Price has been trading inside the same range for days, which often reflects large players gradually unloading inventory rather than building new long positions. Instead of waiting for confirmation, I’m taking an early short and looking for the breakdown.
Entry: 0.00168–0.00173
Stop Loss: 0.00199 (H4 close above 0.00199)
TP1: 0.00145 (minimum 1:1 RR)
TP2: 0.00120
TP3: 0.00085
As long as price remains below 0.00199, I keep a bearish bias. If this distribution range breaks to the downside, I expect sellers to accelerate the move.
I think the distribution phase is almost complete. Price has been trading inside the same range for days, which often reflects large players gradually unloading inventory rather than building new long positions. Instead of waiting for confirmation, I’m taking an early short and looking for the breakdown.
Entry: 0.00168–0.00173
Stop Loss: 0.00199 (H4 close above 0.00199)
TP1: 0.00145 (minimum 1:1 RR)
TP2: 0.00120
TP3: 0.00085
As long as price remains below 0.00199, I keep a bearish bias. If this distribution range breaks to the downside, I expect sellers to accelerate the move.