$AKE ake was liquidated. This coin’s cycle is 2 months, and I followed it for two months as well. Up until now it has risen a full 1000x. And then today I went short—so that can be considered the end of the cycle. Even though I entered the short a bit early, I’ll still lay out the overall thinking behind the cycle.
It can be divided into two phases: the rising phase and the waterfall phase.
At the beginning, this coin’s market cap was only a few million. On the very first day it saw continuous volume surges and price increases. The operator’s funds didn’t withdraw either, so I concluded it would continue rising. After it surged, it rose for about a week. Then came a two-week period of sideways consolidation. The operator’s funds never fled; instead, they would occasionally dip downward with “pin” candles to liquidate longs, and also increased capital to support the price. This perfectly matches the preparation process for a “meme coin” (妖币) launch. So I concluded it would keep going up. This phase happened twice—once around 0.4, and once around 0.88—and I provided the long-entry points for both.
In the end, it was time to short. Today the AKE market cap reached 3 billion, ranking entered the top 30, and from the bottom it’s climbed as much as 1000x. As a low-cap altcoin, this kind of move is already extremely excessive. Today it suddenly increased volume again, so I determined it would drop today and opened a short position. Since there will eventually be “pin” dips, the exact price is hard to be 100% accurate, but I still managed to catch a bite of the move.
That’s roughly the process and logic. Although these few sentences cover it, the timeline spans two months. If you’re interested, you can scroll back to verify—there’s absolutely no nonsense in what I said. If you’re someone who wants to trade long-term, it can serve as a reference. Long-term trading is indeed quite interesting—too bad I don’t hold overnight positions.
I’m AKE researcher Xiao Feng, task completed!
It can be divided into two phases: the rising phase and the waterfall phase.
At the beginning, this coin’s market cap was only a few million. On the very first day it saw continuous volume surges and price increases. The operator’s funds didn’t withdraw either, so I concluded it would continue rising. After it surged, it rose for about a week. Then came a two-week period of sideways consolidation. The operator’s funds never fled; instead, they would occasionally dip downward with “pin” candles to liquidate longs, and also increased capital to support the price. This perfectly matches the preparation process for a “meme coin” (妖币) launch. So I concluded it would keep going up. This phase happened twice—once around 0.4, and once around 0.88—and I provided the long-entry points for both.
In the end, it was time to short. Today the AKE market cap reached 3 billion, ranking entered the top 30, and from the bottom it’s climbed as much as 1000x. As a low-cap altcoin, this kind of move is already extremely excessive. Today it suddenly increased volume again, so I determined it would drop today and opened a short position. Since there will eventually be “pin” dips, the exact price is hard to be 100% accurate, but I still managed to catch a bite of the move.
That’s roughly the process and logic. Although these few sentences cover it, the timeline spans two months. If you’re interested, you can scroll back to verify—there’s absolutely no nonsense in what I said. If you’re someone who wants to trade long-term, it can serve as a reference. Long-term trading is indeed quite interesting—too bad I don’t hold overnight positions.
I’m AKE researcher Xiao Feng, task completed!
