AKT quietly started trending tonight. Technically, I’m cautiously bearish—the AI group’s story today was never about a broad-based rally; it was about draining liquidity from one coin to pump another.
When I wrote about WLD this afternoon, I said, “one coin is sucking in the whole market.” The data is even clearer now: RLC is still showing gains, while FET, WLD, TAO, and RENDER are all languishing in negative territory. AKT popping up at this point is most likely just another name on the catch-up decline list.
By the time RLC had climbed this far, its ATR was already eye-wateringly high—a routine intraday pullback would be enough to stop out a novice. In this kind of market, capital will only become more concentrated, not spill over.
So my outlook hasn’t changed: the AI group will keep diverging, and the coins that haven’t had liquidity drained from them will take turns getting hit. For AKT to make a move on its own, sentiment around RLC needs to settle first.
As for discipline, I only follow two rules: wait until it gets back above the 7-day moving average before calling it a recovery; wait until this AI-group shakeout is over before looking for an entry.
I’d rather miss out than guess without data—do you trade based on chart patterns or gut feeling? Reply 1 for chart patterns, 2$AKT $RLC $FET #AI for gut feeling. #MarketAnalysis
When I wrote about WLD this afternoon, I said, “one coin is sucking in the whole market.” The data is even clearer now: RLC is still showing gains, while FET, WLD, TAO, and RENDER are all languishing in negative territory. AKT popping up at this point is most likely just another name on the catch-up decline list.
By the time RLC had climbed this far, its ATR was already eye-wateringly high—a routine intraday pullback would be enough to stop out a novice. In this kind of market, capital will only become more concentrated, not spill over.
So my outlook hasn’t changed: the AI group will keep diverging, and the coins that haven’t had liquidity drained from them will take turns getting hit. For AKT to make a move on its own, sentiment around RLC needs to settle first.
As for discipline, I only follow two rules: wait until it gets back above the 7-day moving average before calling it a recovery; wait until this AI-group shakeout is over before looking for an entry.
I’d rather miss out than guess without data—do you trade based on chart patterns or gut feeling? Reply 1 for chart patterns, 2$AKT $RLC $FET #AI for gut feeling. #MarketAnalysis