Quickly make a shallow guess: #AKE for the market over the next two weeks—most likely it will only play out in one of the following two scenarios:
First: it will first range-bound for two or three days around the current price, and then suddenly surge upward fast, drawing a long upper wick to sweep out all the short positions that entered during those two days. After this needle-like move, the market will gradually weaken—drifting lower with bearish candles all the way, or even jumping down directly. This is the classic trading playbook for the final stage of most “rogue coins.” In 8 out of 10 cases, it follows this route.
Second: if it can consolidate at this level for more than a week, then this period of ranging is essentially accumulating short orders. Looking back at AKE’s past two months of price action, you can see that before every big surge, it first trades sideways for one to two weeks; just before the breakout, it will also drop down with a short “needle” to wash out positions. Once this scenario plays out, the market is far from over—maybe AKE will even refresh the highest upside surge record for all “rogue coins” over the past two years.
Last night, I also reminded everyone at the first opportunity to take profit on long positions, which happened to line up right with this round’s local peak.
When you look back at AKE over just the past two months, it directly delivered a 1,000x (tenfold) rally. This 1,000x surge in itself is already nothing short of a miracle. No matter how the outcome turns out afterward, during this cycle it has already left an extremely vivid mark.
First: it will first range-bound for two or three days around the current price, and then suddenly surge upward fast, drawing a long upper wick to sweep out all the short positions that entered during those two days. After this needle-like move, the market will gradually weaken—drifting lower with bearish candles all the way, or even jumping down directly. This is the classic trading playbook for the final stage of most “rogue coins.” In 8 out of 10 cases, it follows this route.
Second: if it can consolidate at this level for more than a week, then this period of ranging is essentially accumulating short orders. Looking back at AKE’s past two months of price action, you can see that before every big surge, it first trades sideways for one to two weeks; just before the breakout, it will also drop down with a short “needle” to wash out positions. Once this scenario plays out, the market is far from over—maybe AKE will even refresh the highest upside surge record for all “rogue coins” over the past two years.
Last night, I also reminded everyone at the first opportunity to take profit on long positions, which happened to line up right with this round’s local peak.
When you look back at AKE over just the past two months, it directly delivered a 1,000x (tenfold) rally. This 1,000x surge in itself is already nothing short of a miracle. No matter how the outcome turns out afterward, during this cycle it has already left an extremely vivid mark.
