Here’s what I think will happen next on $AKE ‼️‼️‼️‼️‼️‼️🤷🤷🤷🤷
$AKE has already made a big move, but the open interest is only up about 19% over the last 24 hours. This suggests the pump doesn’t look strongly driven by new leveraged positions just yet.
At the same time, most traders are still betting against $AKE . About 61% are in sell orders (short positions), while only 39% are in buy positions (long). Also, the long/short buy ratio on Binance is below 1, showing that short positions still dominate.
This is where things could get interesting.
If $AKE keeps rising while many traders remain in short positions, those shorts could get squeezed and forced to close. That may increase buying pressure and push the price higher.
In addition, funding is still relatively low at around +0.01%, so the market doesn’t appear overly overheated yet.
For me, as long as buyers remain strong while short positions keep building, AKE still has room for another strong move and may test its recent highs again.
Not financial advice. Always do your own research.
$AKE has already made a big move, but the open interest is only up about 19% over the last 24 hours. This suggests the pump doesn’t look strongly driven by new leveraged positions just yet.
At the same time, most traders are still betting against $AKE . About 61% are in sell orders (short positions), while only 39% are in buy positions (long). Also, the long/short buy ratio on Binance is below 1, showing that short positions still dominate.
This is where things could get interesting.
If $AKE keeps rising while many traders remain in short positions, those shorts could get squeezed and forced to close. That may increase buying pressure and push the price higher.
In addition, funding is still relatively low at around +0.01%, so the market doesn’t appear overly overheated yet.
For me, as long as buyers remain strong while short positions keep building, AKE still has room for another strong move and may test its recent highs again.
Not financial advice. Always do your own research.
