Trading Plan Long AKE
$AKE flushed the EMA21 support then immediately reclaimed it, signaling absorption.
Entry: $0.00255-$0.00268
Stoploss: $0.00239
Targets: $0.00277 / $0.00305 / $0.00345
AKE just swept the nearest support at $0.002433 and bounced hard, a classic spring. Retail is heavily short with funding extremely negative, setting up a brutal squeeze. Smart money is clearly soaking bids here, using the shakeout to accumulate. OI dropped 38% on the flush, cleaning out weak hands. Lose $0.00239, thesis invalidated.
#BinanceSquareTalks
Trade $AKE here๐
$AKE flushed the EMA21 support then immediately reclaimed it, signaling absorption.
Entry: $0.00255-$0.00268
Stoploss: $0.00239
Targets: $0.00277 / $0.00305 / $0.00345
AKE just swept the nearest support at $0.002433 and bounced hard, a classic spring. Retail is heavily short with funding extremely negative, setting up a brutal squeeze. Smart money is clearly soaking bids here, using the shakeout to accumulate. OI dropped 38% on the flush, cleaning out weak hands. Lose $0.00239, thesis invalidated.
#BinanceSquareTalks
Trade $AKE here๐