AKE is trading around $0.00744 after a sharp decline from the $0.00968 area. Sellers remain in control, with price continuing to make lower highs and lower lows.
🔥 On the 1H chart, price is below the MA(7), MA(25), and MA(99), showing strong bearish momentum.
The key area now is $0.00750–$0.00780.
If AKE pulls back into this zone and sellers step back in, another move lower could follow.
A clean break below $0.00680 could open the way toward the $0.00580 and $0.00505 areas.
⚠️ If price reclaims $0.00820 with strong buying pressure, the setup is invalidated.
🔥 The trend is bearish.
Trade with a plan and manage your risk.
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