Oh, I also missed a few points just now: $SIREN and $AKE seem to be the same market maker, and they started up together last night. But one of Siren's strengths is its relatively low market cap, highly concentrated token holdings, and thorough shakeout. There are no more trapped holders overhead from before—they've all been shaken out.
AKE's all-time high was 0.16. During that rally, quite a few people chased the price up and got trapped, waiting to break even. There's a lot of overhead supply, so any rise gets pushed back down.
In summary, the overall trend for both hasn't changed. Unless we get another big bullish daily candle with a surge in volume, the price will likely be pushed down again. In the short term, shorting offers a better risk-reward ratio than going long. That's why I personally prefer to short at higher levels. Feel free to call me anytime if there's anything you don't understand!
#AKE
AKE's all-time high was 0.16. During that rally, quite a few people chased the price up and got trapped, waiting to break even. There's a lot of overhead supply, so any rise gets pushed back down.
In summary, the overall trend for both hasn't changed. Unless we get another big bullish daily candle with a surge in volume, the price will likely be pushed down again. In the short term, shorting offers a better risk-reward ratio than going long. That's why I personally prefer to short at higher levels. Feel free to call me anytime if there's anything you don't understand!
#AKE