The ONG strategy I shared earlier has now successfully secured its profit potential this round. A true breakout usually needs to be validated first. On the four-hour chart for $AKE , price is below the EMA50, and the EMA50 is below the EMA200. This bearish alignment didn’t form overnight, so a rebound toward the moving averages is a test of resistance. Volume hasn’t picked up enough to absorb the supply above, which shows buyers can’t hold their ground. So I’m looking for a pullback in line with this structure.
The closer the rebound gets to the previous consolidation zone, the more it looks like an opportunity for bears to enter—not a trend reversal. Start with a small position; don’t mistake a rebound for a reversal.
🔴 Trade direction: Short
📍 Entry range: 0.0051016 – 0.0051552
🛑 Stop loss: 0.0059582
🎯 Take profit 1: 0.0045061
🎯 Take profit 2: 0.0040913
🎯 Take profit 3: 0.0034688
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#AKE
Click below to trade 👇
The closer the rebound gets to the previous consolidation zone, the more it looks like an opportunity for bears to enter—not a trend reversal. Start with a small position; don’t mistake a rebound for a reversal.
🔴 Trade direction: Short
📍 Entry range: 0.0051016 – 0.0051552
🛑 Stop loss: 0.0059582
🎯 Take profit 1: 0.0045061
🎯 Take profit 2: 0.0040913
🎯 Take profit 3: 0.0034688
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#AKE
Click below to trade 👇