AKE this morning’s market move was like a wake-up call. Looking at the hourly chart: the highest point reached 0.448, the lowest was 0.0156—both sides got wiped out, and the hits were precise.
Going further back, over this past month, it has also seen a hundredfold increase. This coin has one key characteristic: even if you bought in at the bottom, based on the mid-phase distribution and shakeout tactics, basically no one can hold through it. The violent mid-course shakeout and repeated oscillations are enough to wash virtually everyone’s holdings clean.
After this round of spiking up and then pulling back, it seems that AKE may not be completely finished yet. On-chain data shows that over the past month, large withdrawals out of exchanges have still been ongoing. Cumulatively, about $20 million has flowed into on-chain wallets. This continued outflow of funds suggests there may still be room for further moves on the chart.
No matter how the market goes, go with the flow. Sell at 0.1488 for the short—above that, ride the move.
$AKE
Going further back, over this past month, it has also seen a hundredfold increase. This coin has one key characteristic: even if you bought in at the bottom, based on the mid-phase distribution and shakeout tactics, basically no one can hold through it. The violent mid-course shakeout and repeated oscillations are enough to wash virtually everyone’s holdings clean.
After this round of spiking up and then pulling back, it seems that AKE may not be completely finished yet. On-chain data shows that over the past month, large withdrawals out of exchanges have still been ongoing. Cumulatively, about $20 million has flowed into on-chain wallets. This continued outflow of funds suggests there may still be room for further moves on the chart.
No matter how the market goes, go with the flow. Sell at 0.1488 for the short—above that, ride the move.
$AKE
