$AKE update
The chart looks tempting for shorts. Price has been falling for four days, OI is declining, longs are closing and shorts are adding.
AKE punishes shorts harder than anything I have tracked recently: over $20M of short liquidations in a month, including a +100% move in a single 10-minute candle. I flagged the danger of shorting this back at 0.002.
Everyone sees the same easy short right now. Crowded shorts are exactly what this token feeds on, so a decline with no squeeze along the way is the less likely path.
If you are short, respect your risk.
#BinanceHerYerde
The chart looks tempting for shorts. Price has been falling for four days, OI is declining, longs are closing and shorts are adding.
AKE punishes shorts harder than anything I have tracked recently: over $20M of short liquidations in a month, including a +100% move in a single 10-minute candle. I flagged the danger of shorting this back at 0.002.
Everyone sees the same easy short right now. Crowded shorts are exactly what this token feeds on, so a decline with no squeeze along the way is the less likely path.
If you are short, respect your risk.
#BinanceHerYerde