Smart money pushed $AKE into an explosive surge right after sweeping liquidity at the 0.0001729 low.
I am looking at the chart for $AKE in 1000066861.jpg and the price shows huge buying interest. The price went up extremely fast from the 0.0001729 level and spiked all the way up to 0.006900.
The current price is trading near 0.0042073, so I am not chasing this move at the top. I noticed a solid support zone near 0.003500 where buyers previously stepped in. My plan is to wait for the price to drop back to that level before taking a long position.
Trade Plan for $AKE
Direction: Long
Entry: 0.0035000
Stop Loss: 0.0030000
Take Profit 1: 0.0040000
Take Profit 2: 0.0045000
Risk to Reward: 1:2
I am looking at the chart for $AKE in 1000066861.jpg and the price shows huge buying interest. The price went up extremely fast from the 0.0001729 level and spiked all the way up to 0.006900.
The current price is trading near 0.0042073, so I am not chasing this move at the top. I noticed a solid support zone near 0.003500 where buyers previously stepped in. My plan is to wait for the price to drop back to that level before taking a long position.
Trade Plan for $AKE
Direction: Long
Entry: 0.0035000
Stop Loss: 0.0030000
Take Profit 1: 0.0040000
Take Profit 2: 0.0045000
Risk to Reward: 1:2