You saw a coin drop 30% in 24 hours—was your first reaction, “What happened?”?
This long bearish candle, $AKE —moved decisively, crashing from 0.0298 to 0.0168, a 30.13% drop, with trading volume totaling 351 million RMB. The volume didn’t shrink, which suggests the people are truly selling—not just posting orders to scare others.
On both sides, everyone’s mindset is clear: the bulls had just started to gain momentum when they were pinned back. The whole set of bag-holders who bought above 0.025 are trapped, and the ones cutting losses are lining up to sell. The bears take advantage of the momentum to push prices lower, but at 0.0168, the price is already very close to the recent low—continuing the sell-off would need new reasons.
The resistance level to watch is 0.0220—this is the ceiling of the rebound in this round of decline. Support is at 0.0168; if it breaks, the next target is 0.0140. Place your stop-loss above 0.0270, first aim for 0.0210, then take a bite around 0.0180.
Repeat these numbers—0.0270, 0.0220, 0.0168—silently. Come back in a couple of days and we’ll see who was more accurate.
#AKE
This long bearish candle, $AKE —moved decisively, crashing from 0.0298 to 0.0168, a 30.13% drop, with trading volume totaling 351 million RMB. The volume didn’t shrink, which suggests the people are truly selling—not just posting orders to scare others.
On both sides, everyone’s mindset is clear: the bulls had just started to gain momentum when they were pinned back. The whole set of bag-holders who bought above 0.025 are trapped, and the ones cutting losses are lining up to sell. The bears take advantage of the momentum to push prices lower, but at 0.0168, the price is already very close to the recent low—continuing the sell-off would need new reasons.
The resistance level to watch is 0.0220—this is the ceiling of the rebound in this round of decline. Support is at 0.0168; if it breaks, the next target is 0.0140. Place your stop-loss above 0.0270, first aim for 0.0210, then take a bite around 0.0180.
Repeat these numbers—0.0270, 0.0220, 0.0168—silently. Come back in a couple of days and we’ll see who was more accurate.
#AKE