Did this line hold? $AKE —this drop is almost 10%. The trading value is 110 million, but the trading volume is pressured down to 3.2 billion, which shows that when prices are smashed downward, there isn’t much real cash being used to buy. The bears hit pretty hard this round, but the volume didn’t keep up—like a knife cutting into cotton: fierce, but without penetration.
Now watch 0.0316, the bottom line—this is the low of this leg. Only if the bears smash it and break through does it count as a real break. If it holds, then first see whether it can reach 0.036; that’s the last stronghold for the longs before this selloff. Set a stop-loss around 0.0278—if it breaks, don’t keep holding and hoping. After all, for a coin down nearly 10%, every rebound is an escape window.
Longs holding and bargain hunters—right now, all it takes is one more K-line to decide who admits defeat first.
#AKE
Now watch 0.0316, the bottom line—this is the low of this leg. Only if the bears smash it and break through does it count as a real break. If it holds, then first see whether it can reach 0.036; that’s the last stronghold for the longs before this selloff. Set a stop-loss around 0.0278—if it breaks, don’t keep holding and hoping. After all, for a coin down nearly 10%, every rebound is an escape window.
Longs holding and bargain hunters—right now, all it takes is one more K-line to decide who admits defeat first.
#AKE