#AKE
This is going crazy. At the moment, the market cap has already reached 870 million.
Big players are pushing in aggressively, repeatedly opening long positions through the contracts.
After a few days of washing from 28 down to 16, the open positions went from the highest 1.6B down to 1.23. These past few days have been continuously accumulating at low levels. Trading volume has clearly been rising. Tonight there’s a possibility it could break up by 10x.
For short positions: currently, I still recommend entering around the previous local high, roughly 47–54. Then if it breaks through and holds above this level, it will become a true 10x/“thousand-bagger”. Stop losses on shorts should be taken in time.
At that point, the aggressive entry level would be around 0.093. A more conservative level would be around 1.239. The most extreme level would be 17.
I personally took a tiny-position long (like a needle-tip entry) and I’m planning to hold and observe.
This is going crazy. At the moment, the market cap has already reached 870 million.
Big players are pushing in aggressively, repeatedly opening long positions through the contracts.
After a few days of washing from 28 down to 16, the open positions went from the highest 1.6B down to 1.23. These past few days have been continuously accumulating at low levels. Trading volume has clearly been rising. Tonight there’s a possibility it could break up by 10x.
For short positions: currently, I still recommend entering around the previous local high, roughly 47–54. Then if it breaks through and holds above this level, it will become a true 10x/“thousand-bagger”. Stop losses on shorts should be taken in time.
At that point, the aggressive entry level would be around 0.093. A more conservative level would be around 1.239. The most extreme level would be 17.
I personally took a tiny-position long (like a needle-tip entry) and I’m planning to hold and observe.
