$AKE
This order book looks suffocating…
The depth chart is directly blocked by a wall of red sell orders—around 0.00845 there are nearly one million in sell orders sitting there, clearly preventing anyone from moving up. In contrast, the buy side is paper-thin; just a couple of hits and it’ll leak.
Although the RSI has already dropped to 15, which is severely oversold, under this kind of liquidity, catching a falling knife is way too easy to get buried. Either the main force is deliberately laying huge orders to scare people off, or there’s really a big holder unloading and distributing. For now, keep your hands in your pockets and watch—wait until that sell-wall gets eaten through or the orders get pulled.
This order book looks suffocating…
The depth chart is directly blocked by a wall of red sell orders—around 0.00845 there are nearly one million in sell orders sitting there, clearly preventing anyone from moving up. In contrast, the buy side is paper-thin; just a couple of hits and it’ll leak.
Although the RSI has already dropped to 15, which is severely oversold, under this kind of liquidity, catching a falling knife is way too easy to get buried. Either the main force is deliberately laying huge orders to scare people off, or there’s really a big holder unloading and distributing. For now, keep your hands in your pockets and watch—wait until that sell-wall gets eaten through or the orders get pulled.
