$AKE (1h): POTENTIAL UPSIDE RALLY
Expect price growth from the current level of 0.00449 first to the nearest resistance around 0.00534, then to the next level at 0.00696. Long entry basis: after confirmation of a bounce from the support level near 0.00387 with a reversal signal on a lower timeframe (pin bar, engulfing). Take profit targets: 0.00534 and 0.00696, place stop loss at the nearest local minimum below entry. If price breaks down and holds below 0.00387, the bullish outlook is invalidated, opening the way to a decline towards 0.00299 and lower. Wait for confirmation to avoid traps from false breakouts or fake upward moves ๐.
Expect price growth from the current level of 0.00449 first to the nearest resistance around 0.00534, then to the next level at 0.00696. Long entry basis: after confirmation of a bounce from the support level near 0.00387 with a reversal signal on a lower timeframe (pin bar, engulfing). Take profit targets: 0.00534 and 0.00696, place stop loss at the nearest local minimum below entry. If price breaks down and holds below 0.00387, the bullish outlook is invalidated, opening the way to a decline towards 0.00299 and lower. Wait for confirmation to avoid traps from false breakouts or fake upward moves ๐.
