AKE is poised for a potential downturn after breaking down from a key market structure, with price action now probing lower levels. The current zone is crucial as it represents a confluence of significant support and resistance areas.
🔴 $AKE SHORT 📉 — Trade Plan
• Entry: $0.004025 – $0.004033
• Stop: $0.004150 (-3.0%)
• Target 1: $0.003969 (+1.5%)
• Target 2: $0.003828 (+5.0%)
• R/R 1:1.7 | Confidence 64%
This short setup is compelling due to the combination of the CHoCH signal indicating a market structure break, CVD confirming the direction with volume, and the presence of a fair value gap and order block that are overlapping, creating a strong POI confluence. The structure suggests that AKE has broken down from a significant level, and the current price action is testing the resolve of buyers. The FVG and OB are acting as a magnet, likely to attract orders and potentially fuel the move downwards.
With a 3.0% stop loss, the risk is relatively moderate, and using 2-3x leverage could fit this setup, allowing for a decent risk-reward while keeping exposure manageable.
Taking partial profit at the first target could be wise, as it allows for the realization of some gains while still keeping a portion of the position open to capitalize on the potential further downside.
As always: manage your risk, this is not financial advice 🙏
$AKE #AKEUSDT #SMC #TradingSignals #Write2Earn
🔴 $AKE SHORT 📉 — Trade Plan
• Entry: $0.004025 – $0.004033
• Stop: $0.004150 (-3.0%)
• Target 1: $0.003969 (+1.5%)
• Target 2: $0.003828 (+5.0%)
• R/R 1:1.7 | Confidence 64%
This short setup is compelling due to the combination of the CHoCH signal indicating a market structure break, CVD confirming the direction with volume, and the presence of a fair value gap and order block that are overlapping, creating a strong POI confluence. The structure suggests that AKE has broken down from a significant level, and the current price action is testing the resolve of buyers. The FVG and OB are acting as a magnet, likely to attract orders and potentially fuel the move downwards.
With a 3.0% stop loss, the risk is relatively moderate, and using 2-3x leverage could fit this setup, allowing for a decent risk-reward while keeping exposure manageable.
Taking partial profit at the first target could be wise, as it allows for the realization of some gains while still keeping a portion of the position open to capitalize on the potential further downside.
As always: manage your risk, this is not financial advice 🙏
$AKE #AKEUSDT #SMC #TradingSignals #Write2Earn