🔴 $AKE /USDT — SHORT SETUP
AKE just made a massive +47% move, but the 1M chart is showing signs of exhaustion. Price is struggling below the MA(25) and MA(99), while Stoch RSI is deeply overbought (~92–96). The recent bounce also hasn't reclaimed the 0.01305–0.01310 resistance zone.
📍 Short Entry: 0.01295–0.01308
🛑 SL: 0.01330
🎯 TP1: 0.01278
🎯 TP2: 0.01256
🎯 TP3: 0.01210
Why bearish? After such a sharp pump, momentum is cooling, Stoch RSI is overbought, and price remains under the key moving averages. A rejection around 0.0130–0.0131 could trigger another pullback.
⚠️ Invalidation: 1M candle closing strongly above 0.01330. Don't chase the short if price breaks resistance with strong volume.
#AKE #AKEUSDT #BinanceSquare #Crypto #Futures #Trading
AKE just made a massive +47% move, but the 1M chart is showing signs of exhaustion. Price is struggling below the MA(25) and MA(99), while Stoch RSI is deeply overbought (~92–96). The recent bounce also hasn't reclaimed the 0.01305–0.01310 resistance zone.
📍 Short Entry: 0.01295–0.01308
🛑 SL: 0.01330
🎯 TP1: 0.01278
🎯 TP2: 0.01256
🎯 TP3: 0.01210
Why bearish? After such a sharp pump, momentum is cooling, Stoch RSI is overbought, and price remains under the key moving averages. A rejection around 0.0130–0.0131 could trigger another pullback.
⚠️ Invalidation: 1M candle closing strongly above 0.01330. Don't chase the short if price breaks resistance with strong volume.
#AKE #AKEUSDT #BinanceSquare #Crypto #Futures #Trading
