Thinking about shorting $AKE here? You might want to look at what's sitting above first. 👀
I'm opening a BIG LONG on $AKE here.
TP: $0.0080
SL: $0.0037👇🏻
I know $AKE has already pumped hard, and shorting after a move like this might look tempting. But that's exactly what makes this interesting to me.
From the liquidity data I'm watching, there's a massive amount of short sellers' liquidity sitting around $0.007–$0.008 and above. Price is now consolidating after that strong pump instead of giving everything back, and if buyers push through this range, I think we could see another crazy move higher.
Here's my plan: 👇🏻
If they reaches $0.007, I'll book 50% of my position and move my SL to entry. Then I'll let the remaining 50% run toward $0.008 and see how far this squeeze can go.
I'm not saying it can't dump from here, but with that much liquidity sitting above, I really don't want to miss this opportunity.
Let's see if AKE makes those early short sellers regret jumping in too soon.
I'm opening a BIG LONG on $AKE here.
TP: $0.0080
SL: $0.0037👇🏻
I know $AKE has already pumped hard, and shorting after a move like this might look tempting. But that's exactly what makes this interesting to me.
From the liquidity data I'm watching, there's a massive amount of short sellers' liquidity sitting around $0.007–$0.008 and above. Price is now consolidating after that strong pump instead of giving everything back, and if buyers push through this range, I think we could see another crazy move higher.
Here's my plan: 👇🏻
If they reaches $0.007, I'll book 50% of my position and move my SL to entry. Then I'll let the remaining 50% run toward $0.008 and see how far this squeeze can go.
I'm not saying it can't dump from here, but with that much liquidity sitting above, I really don't want to miss this opportunity.
Let's see if AKE makes those early short sellers regret jumping in too soon.
