$AKE 🥵🥵
Post
--Bearish
BlockchainBaller
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$AKE just did a big move.
It broke the big sell wall of $744K at $0.0050 and then doubled to $0.0100.
Long whales are now in big profit, around +$2.9M profit that they have not taken yet.
Short whales did not run away. In fact, their position grew from $6.1M to $15.7M since morning. That means they are still betting price will fall.
Right now price is pushing against a $226K sell wall at this level.
The real big test is the $496K sell wall at $0.0110. A lot of short positions will get liquidated there if price breaks it.
So, if price breaks $0.0110, we can see another fast pump. If it fails, shorts can push it down again.
It broke the big sell wall of $744K at $0.0050 and then doubled to $0.0100.
Long whales are now in big profit, around +$2.9M profit that they have not taken yet.
Short whales did not run away. In fact, their position grew from $6.1M to $15.7M since morning. That means they are still betting price will fall.
Right now price is pushing against a $226K sell wall at this level.
The real big test is the $496K sell wall at $0.0110. A lot of short positions will get liquidated there if price breaks it.
So, if price breaks $0.0110, we can see another fast pump. If it fails, shorts can push it down again.