$AKE is showing heavy bearish pressure as sellers continue to control the momentum.
The sharp daily decline indicates weak demand and strong sell-side dominance. Unless price quickly reclaims nearby resistance, rallies may continue to face selling pressure.
EP
0.00795 - 0.00810
TP
TP1 0.00740
TP2 0.00690
TP3 0.00630
SL
0.00845
AKE is trading in a clear downside momentum phase, with the market likely searching for liquidity below recent lows. The preferred setup is to wait for a relief bounce into the entry zone rather than selling after an extended red candle. If buyers fail to establish acceptance above resistance, sellers may use the rebound as an opportunity to reload positions. A rejection from the supply area would strengthen the continuation case, while a sustained move above the stop would weaken the bearish structure.
Let's go $AKE
#BankOfKoreaHikesRatesTo3% #XRPLeadsCryptoPullbackDropsNearly7% #DollarPostsBiggestGainInNearlyFourWeeks #SECSendsCryptoCustodyRuleToWhiteHouse #IranSaysHormuzOmanDealNotFinalized
The sharp daily decline indicates weak demand and strong sell-side dominance. Unless price quickly reclaims nearby resistance, rallies may continue to face selling pressure.
EP
0.00795 - 0.00810
TP
TP1 0.00740
TP2 0.00690
TP3 0.00630
SL
0.00845
AKE is trading in a clear downside momentum phase, with the market likely searching for liquidity below recent lows. The preferred setup is to wait for a relief bounce into the entry zone rather than selling after an extended red candle. If buyers fail to establish acceptance above resistance, sellers may use the rebound as an opportunity to reload positions. A rejection from the supply area would strengthen the continuation case, while a sustained move above the stop would weaken the bearish structure.
Let's go $AKE
#BankOfKoreaHikesRatesTo3% #XRPLeadsCryptoPullbackDropsNearly7% #DollarPostsBiggestGainInNearlyFourWeeks #SECSendsCryptoCustodyRuleToWhiteHouse #IranSaysHormuzOmanDealNotFinalized