$AKE bounced back with force, but now it's in a dangerous rocket mode. After marking a recent high near $0.0069, it trades around $0.0059 and remains well above the upper Bollinger band, located near $0.0047. The RSI(6) at 87.5 confirms an extreme overbought condition.
This shows aggressive demand, but also that chasing a long here has a poor risk/reward ratio. As long as it holds $0.0047, momentum may stay alive; losing that zone would open up a take-profit move toward $0.0035 and then the $0.0016 area.
Don’t short just because “it has already gone up a lot”: wait for rejection from the high, a break of support, and sell-side volume. In these coins, strength can last longer than a leveraged short can withstand. ⚠️
This shows aggressive demand, but also that chasing a long here has a poor risk/reward ratio. As long as it holds $0.0047, momentum may stay alive; losing that zone would open up a take-profit move toward $0.0035 and then the $0.0016 area.
Don’t short just because “it has already gone up a lot”: wait for rejection from the high, a break of support, and sell-side volume. In these coins, strength can last longer than a leveraged short can withstand. ⚠️