$AKE ★First of all, it has not been very long since the ake uptrend started. Based only on the information available right now, we can only make inferences. For any coin to rise, no matter how much capital the whales (or market makers) have, there will still be pullbacks—phase-by-phase pullback and consolidation. This is also why many people get stopped out or take losses when going long; it’s the same principle. This is a method I often refer to when doing short-term trading.
● Yesterday, ake surged from 0.004 to 0.009 overnight, almost breaking above 0.01. I have to say, that was truly impressive. I’ve posted bullish calls on ake multiple times before, and it didn’t disappoint me
♦ And then the situation right now: within the current trend, the range is 0.0067–0.0079. You can understand 0.0079 above as resistance, and 0.66 below as support. Of course, these are only for the short term. If neither level is broken, you can trade within this range—buy high, sell low? Actually the intended operation is high-sell and low-buy (high sell, low buy) within the band. Once it breaks (a wick that returns without holding doesn’t count), you’ll need to follow a new trend
☝ Thank you everyone. I’m an ake researcher. Please remember me!
● Yesterday, ake surged from 0.004 to 0.009 overnight, almost breaking above 0.01. I have to say, that was truly impressive. I’ve posted bullish calls on ake multiple times before, and it didn’t disappoint me
♦ And then the situation right now: within the current trend, the range is 0.0067–0.0079. You can understand 0.0079 above as resistance, and 0.66 below as support. Of course, these are only for the short term. If neither level is broken, you can trade within this range—buy high, sell low? Actually the intended operation is high-sell and low-buy (high sell, low buy) within the band. Once it breaks (a wick that returns without holding doesn’t count), you’ll need to follow a new trend
☝ Thank you everyone. I’m an ake researcher. Please remember me!