$AKE broke below the 0.03 level. Next, there are two possible scenarios:
① It bounces back but fails to reclaim 0.03 → the level turns into resistance, with the 24h low at 0.02382 as the first downside target.
② It quickly reclaims 0.03 → this was most likely just a wick, and short positions could easily get squeezed.
Personally, I'm paying more attention to the buying support on the first bounce.
① It bounces back but fails to reclaim 0.03 → the level turns into resistance, with the 24h low at 0.02382 as the first downside target.
② It quickly reclaims 0.03 → this was most likely just a wick, and short positions could easily get squeezed.
Personally, I'm paying more attention to the buying support on the first bounce.