$AKE CRASHES 17% IN 15M ON 11X VOLUME — SELLING PRESSURE REMAINS IN CONTROL
My bias remains bearish after this aggressive -17% flush. The 1H structure is still firmly bearish, with price trading below both EMA20 and EMA200 and no confirmed reversal or structural shift yet.
The 11x volume spike signals extreme participation, pointing toward panic selling, forced liquidations, or aggressive distribution. Despite the sharp decline, buyers have not produced a convincing recovery, keeping downside pressure intact.
The 1H trend is bearish, while the daily and weekly structures remain bullish. This makes any short a counter-trend setup, so confirmation is essential rather than chasing the breakdown.
Key resistance levels: 0.01305, 0.01464, 0.01632, with major supply near 0.02142.
Key downside levels: 0.01130 and 0.01031.
For a short, I prefer a weak bounce into 0.01305–0.01346 followed by a clear 1M/5M bearish rejection, engulfing candle, or SFP. Avoid entering directly into a capitulation wick.
Targets: 0.01130 first, then 0.01031. Scale out and protect profits along the way.
If price sweeps below 0.01130 and quickly reclaims it, watch for absorption and a potential short squeeze.
Short bias remains below 0.01346. A 1H close above 0.01549 invalidates the bearish setup and could trigger a strong reversal rally.$AKE
#CryptoTrading #AltcoinTrading #TechnicalAnalysis #Binance #CryptoMarket
My bias remains bearish after this aggressive -17% flush. The 1H structure is still firmly bearish, with price trading below both EMA20 and EMA200 and no confirmed reversal or structural shift yet.
The 11x volume spike signals extreme participation, pointing toward panic selling, forced liquidations, or aggressive distribution. Despite the sharp decline, buyers have not produced a convincing recovery, keeping downside pressure intact.
The 1H trend is bearish, while the daily and weekly structures remain bullish. This makes any short a counter-trend setup, so confirmation is essential rather than chasing the breakdown.
Key resistance levels: 0.01305, 0.01464, 0.01632, with major supply near 0.02142.
Key downside levels: 0.01130 and 0.01031.
For a short, I prefer a weak bounce into 0.01305–0.01346 followed by a clear 1M/5M bearish rejection, engulfing candle, or SFP. Avoid entering directly into a capitulation wick.
Targets: 0.01130 first, then 0.01031. Scale out and protect profits along the way.
If price sweeps below 0.01130 and quickly reclaims it, watch for absorption and a potential short squeeze.
Short bias remains below 0.01346. A 1H close above 0.01549 invalidates the bearish setup and could trigger a strong reversal rally.$AKE
#CryptoTrading #AltcoinTrading #TechnicalAnalysis #Binance #CryptoMarket