$AKE This fake breakout was pretty nasty. At 11:00, huge volume pushed it up to around 0.0065, only for it to get slammed right back down. At 12:00, it kept dumping to around 0.0045, breaking short-term support too.
Funding is around -0.21%, so shorts are getting paid. OI contract count is up roughly 25% over 24h, while notional value has fallen to just over 9 million—this looks more like positions being added as the price is dumped, rather than a low-volume slide. RSI has dropped to the low 30s, and the price is sitting below 0.005. Don’t buy the dip unless it gets back above 0.005; even if you’re looking for a bounce, watch this level first.
Not investment advice—do your own chart analysis.
#AKE #Futures
Funding is around -0.21%, so shorts are getting paid. OI contract count is up roughly 25% over 24h, while notional value has fallen to just over 9 million—this looks more like positions being added as the price is dumped, rather than a low-volume slide. RSI has dropped to the low 30s, and the price is sitting below 0.005. Don’t buy the dip unless it gets back above 0.005; even if you’re looking for a bounce, watch this level first.
Not investment advice—do your own chart analysis.
#AKE #Futures
