AKE will definitely still need to pull higher. If it collapses right now, who would you sell the spot that was unlocked on the 28th to?
The short side’s whale position is only 2.86M right now, and the market float is small.
If you dump the price directly right now: there aren’t enough opposing buy orders. No one will take the spot, and the seller can’t get the goods out.
The purpose of the market maker continuing to push upward is:
1）to create profitable momentum—make it go viral across the whole internet—to attract retail traders to chase longs;
2）as the price rises, the more people feel “it’s gone up too much and must drop,” and they open shorts to guess the top. Once enough short positions have piled up, they then slam the market all at once to harvest both the long and short sides.
The steadier approach now is to wait for a pullback and enter long—that’s the sensible move. Going short will only serve as fuel for the rally!#AKE
The short side’s whale position is only 2.86M right now, and the market float is small.
If you dump the price directly right now: there aren’t enough opposing buy orders. No one will take the spot, and the seller can’t get the goods out.
The purpose of the market maker continuing to push upward is:
1）to create profitable momentum—make it go viral across the whole internet—to attract retail traders to chase longs;
2）as the price rises, the more people feel “it’s gone up too much and must drop,” and they open shorts to guess the top. Once enough short positions have piled up, they then slam the market all at once to harvest both the long and short sides.
The steadier approach now is to wait for a pullback and enter long—that’s the sensible move. Going short will only serve as fuel for the rally!#AKE
