🚨 I’m putting this $AKE warning here before the dump not after it.
$AKE has already made an insane move, and now everyone is watching the green candles. But when I zoom out to the weekly chart, I’m seeing a completely different picture.
The move looks extremely stretched. From my on-chain analysis, I’m also seeing selling pressure building while price is still being pushed higher. My read is that this final push could be there to hunt the liquidity of short sellers before the real sell-off begins.
That’s why I’m not chasing the pump.
I’ve already placed my short limit orders at the levels I want and I’m waiting for price to come to me.
I’m watching the $0.044–$0.050 area closely. If my setup confirms there, I’m expecting a much deeper correction, potentially back toward the lower part of this entire move.
I could be wrong, and my invalidation will decide that.
But remember one thing:
I’m posting this while $AKE is still green. If the chart turns completely red later, don’t say nobody warned you.
$AKE has already made an insane move, and now everyone is watching the green candles. But when I zoom out to the weekly chart, I’m seeing a completely different picture.
The move looks extremely stretched. From my on-chain analysis, I’m also seeing selling pressure building while price is still being pushed higher. My read is that this final push could be there to hunt the liquidity of short sellers before the real sell-off begins.
That’s why I’m not chasing the pump.
I’ve already placed my short limit orders at the levels I want and I’m waiting for price to come to me.
I’m watching the $0.044–$0.050 area closely. If my setup confirms there, I’m expecting a much deeper correction, potentially back toward the lower part of this entire move.
I could be wrong, and my invalidation will decide that.
But remember one thing:
I’m posting this while $AKE is still green. If the chart turns completely red later, don’t say nobody warned you.
