Trade Idea: $AKE USDT
Bias: Long
Entry range: 0.0015750 – 0.0016000
TP1: 0.0016263
TP2: 0.0016446
TP3: 0.0016836
Stop Loss: 0.0015249
Confirmation conditions: Price holds above 0.0015753 and produces a 5-minute close above 0.0016263.
Reasons:
Price bounced from the local support area.
The short moving averages have been reclaimed.
Buyers are attempting a short-term reversal.
The 99-period average remains the main resistance.
One-line risk: This is a counter-trend scalp while price remains below 0.0016446.
$AKE
Bias: Long
Entry range: 0.0015750 – 0.0016000
TP1: 0.0016263
TP2: 0.0016446
TP3: 0.0016836
Stop Loss: 0.0015249
Confirmation conditions: Price holds above 0.0015753 and produces a 5-minute close above 0.0016263.
Reasons:
Price bounced from the local support area.
The short moving averages have been reclaimed.
Buyers are attempting a short-term reversal.
The 99-period average remains the main resistance.
One-line risk: This is a counter-trend scalp while price remains below 0.0016446.
$AKE