$AKE This move is really vicious.
At the beginning, it pulled up all the way from around $0.02, and the high shot straight to $0.1467—within a short time, it completely ignited market sentiment. Then today it got dumped directly from the high; at one point the low went as far down as $0.0316. Now it’s back around $0.04, and in the short term, the battle between bulls and bears has completely tangled.
With this kind of price action, you shouldn’t just catch it when it falls. Today, more than 2.1 billion AKE tokens are set to unlock—there’s already pressure from fresh supply. Add that to the profit-taking from the previous series of explosive rallies, and volatility will naturally be amplified even more.
On Binance, in terms of trading rhythm: around $0.03 is the low area for today. If price pulls back to here and can quickly reclaim it, then the buy point should focus on the continuation after the selloff stops. If $0.03 keeps getting broken, don’t rush to catch the falling knife. For the upside, start by watching the strength of the bounce near $0.05. Only if it regains that area and stands back on increasing volume will there be a chance to continue repairing. If the bounce reaches the prior high area and large sell orders appear again, that’s the key area to watch for a sell signal.
At the beginning, it pulled up all the way from around $0.02, and the high shot straight to $0.1467—within a short time, it completely ignited market sentiment. Then today it got dumped directly from the high; at one point the low went as far down as $0.0316. Now it’s back around $0.04, and in the short term, the battle between bulls and bears has completely tangled.
With this kind of price action, you shouldn’t just catch it when it falls. Today, more than 2.1 billion AKE tokens are set to unlock—there’s already pressure from fresh supply. Add that to the profit-taking from the previous series of explosive rallies, and volatility will naturally be amplified even more.
On Binance, in terms of trading rhythm: around $0.03 is the low area for today. If price pulls back to here and can quickly reclaim it, then the buy point should focus on the continuation after the selloff stops. If $0.03 keeps getting broken, don’t rush to catch the falling knife. For the upside, start by watching the strength of the bounce near $0.05. Only if it regains that area and stands back on increasing volume will there be a chance to continue repairing. If the bounce reaches the prior high area and large sell orders appear again, that’s the key area to watch for a sell signal.