$AKE I personally lean toward shorting
It's worth noting that open interest (OI) fell significantly as the price rose. This suggests that the sharp rally was driven by short liquidations (a short squeeze), rather than new long positions entering the market.
Parabolic rallies like this usually need a cooling-off period or a reversion to the mean.
$AKE Shorting strategy
· Short entry: 0.0052 - 0.0055 (if the price shows rejection or a pin bar pattern in this resistance zone)
· Stop-loss: above 0.0058
· Take profit 1: 0.0045
· Take profit 2: 0.0040
· Take profit 3: 0.0035
Support me by trading here 👇$AKE
It's worth noting that open interest (OI) fell significantly as the price rose. This suggests that the sharp rally was driven by short liquidations (a short squeeze), rather than new long positions entering the market.
Parabolic rallies like this usually need a cooling-off period or a reversion to the mean.
$AKE Shorting strategy
· Short entry: 0.0052 - 0.0055 (if the price shows rejection or a pin bar pattern in this resistance zone)
· Stop-loss: above 0.0058
· Take profit 1: 0.0045
· Take profit 2: 0.0040
· Take profit 3: 0.0035
Support me by trading here 👇$AKE
