The SPCX setup shared earlier has played out, and profits from this round have been successfully secured. The real undercurrents often lie beyond the reversal. On the 1-hour chart, price for $AKE is below both the EMA50 and EMA200, with the moving averages aligned bearishly. That’s why this rebound caught my eye—not to chase the drop, but to wait for a retest of the edge of the structure before entering.

The ADX reading isn’t extreme, but the DI spread speaks for itself: sellers are in control. The 4-hour RSI is also stuck in the weak zone, with momentum yet to turn. The dense trading area above is natural resistance, and price will likely be pushed back down if it reaches that zone.

The broader daily trend is still bullish, so this is essentially a countertrend trade. Keep the position size modest and allow plenty of room for the stop-loss. The closer the rebound gets to resistance, the more appealing the short entry becomes.

🔴 Trade direction: Short
📍 Entry range: 0.0269921 – 0.0270789
🛑 Stop-loss: 0.0281227
🎯 Take profit 1: 0.0262201
🎯 Take profit 2: 0.0256763
🎯 Take profit 3: 0.0248609

Take in the vastness of mountains and seas; observe the market’s smallest details.
Trade alongside Uncle Xiong and witness the market’s gains and losses.

#AKE

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