On the par $AKE , it had an impressive high of more than +56% in the last 24h, reaching the peak at 0.00662. However, the price action on the 1h chart is starting to indicate exhaustion of buying power, with continuous rejection at the top!
Rejection at the Top: Recent candles left long upper wicks in the 0.00662 zone, showing strong seller presence taking profit.
Loss of Momentum: Price is testing the immediate support (AVL line) in the 0.00616 region. A break of this level confirms the start of the profit-taking move.
🛑 Trigger/Entry: 1h candle close below 0.00616 or rejection again near 0.00650
🔴 Stop Loss: 0.00668 (above the recent 24h high)
🎯 Target 1: 0.00550
🎯 Target 2: 0.00480
⚠️ Risk Warning: Cryptocurrencies with strong volatility require high risk control and mandatory use of Stop Loss. Manage your capital
Rejection at the Top: Recent candles left long upper wicks in the 0.00662 zone, showing strong seller presence taking profit.
Loss of Momentum: Price is testing the immediate support (AVL line) in the 0.00616 region. A break of this level confirms the start of the profit-taking move.
🛑 Trigger/Entry: 1h candle close below 0.00616 or rejection again near 0.00650
🔴 Stop Loss: 0.00668 (above the recent 24h high)
🎯 Target 1: 0.00550
🎯 Target 2: 0.00480
⚠️ Risk Warning: Cryptocurrencies with strong volatility require high risk control and mandatory use of Stop Loss. Manage your capital