To be honest, I’ve been watching this last piece of consolidation for days. The $AKE daily chart has been showing narrow-range swings for nearly half a month. To be honest, this kind of structure in itself is often a trap. If they really wanted to distribute, they should have dumped it already. The fact that it has held up at this level without dropping indicates that the float has already been absorbed to a large extent. My judgment is that in the next stage, it will most likely pull up for a decent rebound. At this point, going long has a much better value-for-money compared to chasing higher prices.
Looking at the volume on the chart, during the consolidation the trading volume has been gradually shrinking. This kind of low-volume consolidation is often a sign of an impending breakout in historical experience—especially the longer the consolidation lasts, the stronger the move won’t be small once it chooses a direction.
The target level above is something I haven’t changed. As long as the daily chart can hold steady, the upside space will be opened up. Some people worry whether it might break down. My logic is very simple: if they really wanted to hit the market and sell off, they wouldn’t give you such a long exit window. It hasn’t fallen despite stretching this consolidation for so long—this is evidence that the bulls are gathering strength. I’ve also considered the risk point. If it breaks below the lower boundary of the consolidation range, then this logic is invalid. But until then, the risk-reward ratio for buying on dips is favorable.
At this kind of level, you don’t need overly complicated analysis—just let the structure speak. The longer the consolidation, the more explosive the breakout will be. I choose to stand on the side of the bulls.
Gaze at the vastness of the mountains and seas; observe the subtle changes in the market.
Travel together with Uncle Xiong and see gains and losses across the sky and earth.
#AKE
Click below to trade 👇
Looking at the volume on the chart, during the consolidation the trading volume has been gradually shrinking. This kind of low-volume consolidation is often a sign of an impending breakout in historical experience—especially the longer the consolidation lasts, the stronger the move won’t be small once it chooses a direction.
The target level above is something I haven’t changed. As long as the daily chart can hold steady, the upside space will be opened up. Some people worry whether it might break down. My logic is very simple: if they really wanted to hit the market and sell off, they wouldn’t give you such a long exit window. It hasn’t fallen despite stretching this consolidation for so long—this is evidence that the bulls are gathering strength. I’ve also considered the risk point. If it breaks below the lower boundary of the consolidation range, then this logic is invalid. But until then, the risk-reward ratio for buying on dips is favorable.
At this kind of level, you don’t need overly complicated analysis—just let the structure speak. The longer the consolidation, the more explosive the breakout will be. I choose to stand on the side of the bulls.
Gaze at the vastness of the mountains and seas; observe the subtle changes in the market.
Travel together with Uncle Xiong and see gains and losses across the sky and earth.
#AKE
Click below to trade 👇