After the explosive surge, it’s time to stay calm. That spike to $AKE failed to follow through, and Bitcoin’s chart had already given us a signal. On the one-hour chart, price is being held down by the moving averages, the short-term trend is clearly bearish, and the RSI is also in bearish territory, indicating that sellers still have the upper hand. You might ask: isn’t the daily trend still bullish?
Yes, which is why this trade goes against the broader trend. Keep your position size small and set a stop-loss—don’t treat it like a trend-following trade and simply hold on. Price has repeatedly failed to break through the resistance above, and volume hasn’t confirmed the move. I’d rather consider shorting near resistance on a rebound, then watch to see if price can break below the previous low. Don’t rush the timing. Until the pattern plays out, patience matters more than quick hands.
🔴 Trade direction: Short
📍 Entry range: 0.0267522 – 0.0269678
🛑 Stop-loss: 0.0297791
🎯 Take-profit 1: 0.0246708
🎯 Take-profit 2: 0.0232113
🎯 Take-profit 3: 0.0210221
Still waters run deep; the market’s ups and downs are met with calm.
Trade alongside Sister Fei and navigate the waves of wealth.
#AKE
Tap below to trade 👇
Yes, which is why this trade goes against the broader trend. Keep your position size small and set a stop-loss—don’t treat it like a trend-following trade and simply hold on. Price has repeatedly failed to break through the resistance above, and volume hasn’t confirmed the move. I’d rather consider shorting near resistance on a rebound, then watch to see if price can break below the previous low. Don’t rush the timing. Until the pattern plays out, patience matters more than quick hands.
🔴 Trade direction: Short
📍 Entry range: 0.0267522 – 0.0269678
🛑 Stop-loss: 0.0297791
🎯 Take-profit 1: 0.0246708
🎯 Take-profit 2: 0.0232113
🎯 Take-profit 3: 0.0210221
Still waters run deep; the market’s ups and downs are met with calm.
Trade alongside Sister Fei and navigate the waves of wealth.
#AKE
Tap below to trade 👇