$AKE has been one of the stronger coins with a sustained rally this year.
I didn’t expect much from this unlock rally, so I only made a little over 2x. There really wasn’t much upside, since it had already had a wave of hype and there were too many people waiting to sell above.
This move definitely fooled a lot of people. They thought the unlock would send the price much higher. Why has it been moving sideways ever since it dropped from its high on the 16th? Because short positions were too concentrated. That lets the market flush out shorts, and after pushing the price up, it can also attract more people to buy in at the top.
It did break above the previous high at 0.037, but it was just a double top 😀. Honestly, AKE’s unlock rally dragged on for a long time, and it’s now entered a downtrend. Don’t expect to get in at the lows—it’s unrealistic.
The public feed is delayed, so get the levels first 👇
$DOOD $龙虾
#以太坊突破2500美元 #股票财报季
I didn’t expect much from this unlock rally, so I only made a little over 2x. There really wasn’t much upside, since it had already had a wave of hype and there were too many people waiting to sell above.
This move definitely fooled a lot of people. They thought the unlock would send the price much higher. Why has it been moving sideways ever since it dropped from its high on the 16th? Because short positions were too concentrated. That lets the market flush out shorts, and after pushing the price up, it can also attract more people to buy in at the top.
It did break above the previous high at 0.037, but it was just a double top 😀. Honestly, AKE’s unlock rally dragged on for a long time, and it’s now entered a downtrend. Don’t expect to get in at the lows—it’s unrealistic.
The public feed is delayed, so get the levels first 👇
$DOOD $龙虾
#以太坊突破2500美元 #股票财报季