$AKE absolutely never go long, the 4-hour chart support is about to be broken!
Fans ask whether AKE at 0.068 has any chance to get out of the loss; I can only say: it’s difficult beyond difficult!
First, the market has not yet broken below the 4-hour support level of 0.028; instead, it keeps making sharp spikes up and then falling back frequently above that level. This kind of走势 basically has two possibilities.
The first is that the market makers are testing the overhead resistance in preparation for the next upward push. The second is that they’re luring long-side retail traders’ chips to come in as the bag holders so they can distribute and sell off.
Actually, you can reach the conclusion from two points.
First, the smart money’s long positions are already at a large unrealized loss. Second, there is no obvious inflow of funds on-chain from the market maker. So the conclusion is: the market maker is flipping at the bottom to lure longs, in preparation for the subsequent distribution and exit!
#Cerebras股价跌近20%据报OpenAI转用英伟达 #比特币涨至8.65万美元后回落
Fans ask whether AKE at 0.068 has any chance to get out of the loss; I can only say: it’s difficult beyond difficult!
First, the market has not yet broken below the 4-hour support level of 0.028; instead, it keeps making sharp spikes up and then falling back frequently above that level. This kind of走势 basically has two possibilities.
The first is that the market makers are testing the overhead resistance in preparation for the next upward push. The second is that they’re luring long-side retail traders’ chips to come in as the bag holders so they can distribute and sell off.
Actually, you can reach the conclusion from two points.
First, the smart money’s long positions are already at a large unrealized loss. Second, there is no obvious inflow of funds on-chain from the market maker. So the conclusion is: the market maker is flipping at the bottom to lure longs, in preparation for the subsequent distribution and exit!
#Cerebras股价跌近20%据报OpenAI转用英伟达 #比特币涨至8.65万美元后回落
