$AKE
AKEUSDT perp: DISTRIBUTION ZONE
That’s a distribution zone. From 0.006615 to 0.005363, the price kept moving up and down inside that range, but couldn’t break above it again.
That means a lot of people are selling in that zone. Whenever the price rises to the top of the range, it gets pushed right back down.
Now the price is hugging the bottom of the range, at 0.005363. This is the riskiest position.
If the price can get back inside the range and hold above 0.00550, there’s still a chance it could rise again to 0.00583.
But if the price stays below the range and breaks through 0.00520, that confirms the distribution zone is complete. The next downside target is 0.00481.
So don’t go long here. This is a selling zone, not a buying zone.
AKEUSDT perp: DISTRIBUTION ZONE
That’s a distribution zone. From 0.006615 to 0.005363, the price kept moving up and down inside that range, but couldn’t break above it again.
That means a lot of people are selling in that zone. Whenever the price rises to the top of the range, it gets pushed right back down.
Now the price is hugging the bottom of the range, at 0.005363. This is the riskiest position.
If the price can get back inside the range and hold above 0.00550, there’s still a chance it could rise again to 0.00583.
But if the price stays below the range and breaks through 0.00520, that confirms the distribution zone is complete. The next downside target is 0.00481.
So don’t go long here. This is a selling zone, not a buying zone.
