When undercurrents and disagreements emerge at the same time, it often means the market is about to choose a direction. $AKE The hourly price is currently held down by the EMA50 and EMA200, with the short-term trend clearly leaning bearish. Sellers have solid momentum on the 15m chart, and the 4h RSI has also dropped to around 28, so going long here would put us at a real disadvantage. The daily chart is still moving within a range, so avoid taking a large position. A small short position, entered near the top of the rebound range, is the more prudent approach.
Keep an eye on two key signals: whether the price gets rejected near the moving averages on a rebound, and whether volume picks up after it breaks below the previous low. Once both are confirmed, the downtrend is more likely to proceed smoothly.
🔴 Trade direction: Short
📍 Entry range: 0.0231978 – 0.0233340
🛑 Stop loss: 0.0246441
🎯 Take profit 1: 0.0222323
🎯 Take profit 2: 0.0215432
🎯 Take profit 3: 0.0205096
There’s no need to chase the winds of change; they’ll settle in on their own.
Stand alongside Sister Li and make every moment count.
#AKE
Click below to trade 👇
Keep an eye on two key signals: whether the price gets rejected near the moving averages on a rebound, and whether volume picks up after it breaks below the previous low. Once both are confirmed, the downtrend is more likely to proceed smoothly.
🔴 Trade direction: Short
📍 Entry range: 0.0231978 – 0.0233340
🛑 Stop loss: 0.0246441
🎯 Take profit 1: 0.0222323
🎯 Take profit 2: 0.0215432
🎯 Take profit 3: 0.0205096
There’s no need to chase the winds of change; they’ll settle in on their own.
Stand alongside Sister Li and make every moment count.
#AKE
Click below to trade 👇