Ake Short Setup 🔴
My Short Setup:
Entry Zone: 0.012853- 0.01450
Stop Loss: Close above 0.01445 (above 24h High)
TP1: 0.01459
TP2: 0.01070
TP3: 0.00964
Reason for Short:
1. Rejection came 2 times from 0.011853, buyers are not holding above
2. Price is way above Supertrend 0.010973, means it is overextended, chance of coming back towards mean
3. Order Book now shows 54.65% Sell side, 45.35% Buy side - sellers are getting heavy
4. 24h Volume is 1.26B USDT, after such a big pump profit booking is due
5. Up +248% in 7 Days, a healthy correction is normal for such a coin
Invalidation: If a 15m candle closes above 0.012853, short is failed, I will not short from there.
I am not using high leverage, low leverage + tight SL, because this is still very volatile.
What do you think, will AKE dump from here or break 0.0128 and make a new high?
