🔴 BEARISH · $AKE
🚨 $AKE is down 82.2% in a week and the chart still looks like sellers are in control.
📉 Price sits below its falling short-term averages, and the bigger trend is down too.
📌 Funding is negative, so shorts pay longs and the crowd is leaning short.
💬 My take: I'm leaning short, and this setup is the kind I like. Longs have been catching a falling knife all week, and a bounce needs real buyers to show up. It becomes a trade once price climbs back toward its weekly high and gets rejected. A reclaim of 0.00647 proves me wrong.
Would you short this rejection or wait for the bounce to show its hand?
Crowded shorts can squeeze hard, so keep your size small and use a stop. Always do your own research.
#AKE #CryptoAlert #BearFlag
🚨 $AKE is down 82.2% in a week and the chart still looks like sellers are in control.
📉 Price sits below its falling short-term averages, and the bigger trend is down too.
📌 Funding is negative, so shorts pay longs and the crowd is leaning short.
💬 My take: I'm leaning short, and this setup is the kind I like. Longs have been catching a falling knife all week, and a bounce needs real buyers to show up. It becomes a trade once price climbs back toward its weekly high and gets rejected. A reclaim of 0.00647 proves me wrong.
Would you short this rejection or wait for the bounce to show its hand?
Crowded shorts can squeeze hard, so keep your size small and use a stop. Always do your own research.
#AKE #CryptoAlert #BearFlag
