$AKE is bleeding the trend is dead
Family. Look at this 4-hour chart. The structure is completely destroyed.
It had its massive pump to $0.08, but that is a distant memory. Look at the price action now it’s a relentless staircase of lower highs and lower lows. It just lost the $0.0050 support and is currently sitting at $0.0048, down over 15% today. The buyers are completely trapped, and the sellers are in total control.
Why I'm shorting right now
The momentum is heavy and undeniably bearish. Every bounce is getting slapped down instantly. When a coin bleeds out this hard and keeps breaking support, the path of least resistance is straight down.
We are heading toward the $0.0040 and $0.0035 zones next.
The Short Setup
· Entry: $0.00480–$0.00495 (CMP)
· Target 1: $0.00440
· Target 2: $0.00400
· Target 3: $0.00350
· Stop Loss: $0.00530 (Strictly above the recent local high)
I'm short. The family is short. Are you opening the short with us?
Family moves together. Let's eat.
NFA DYOR
Trade here 👉🏻 $AKE
Family. Look at this 4-hour chart. The structure is completely destroyed.
It had its massive pump to $0.08, but that is a distant memory. Look at the price action now it’s a relentless staircase of lower highs and lower lows. It just lost the $0.0050 support and is currently sitting at $0.0048, down over 15% today. The buyers are completely trapped, and the sellers are in total control.
Why I'm shorting right now
The momentum is heavy and undeniably bearish. Every bounce is getting slapped down instantly. When a coin bleeds out this hard and keeps breaking support, the path of least resistance is straight down.
We are heading toward the $0.0040 and $0.0035 zones next.
The Short Setup
· Entry: $0.00480–$0.00495 (CMP)
· Target 1: $0.00440
· Target 2: $0.00400
· Target 3: $0.00350
· Stop Loss: $0.00530 (Strictly above the recent local high)
I'm short. The family is short. Are you opening the short with us?
Family moves together. Let's eat.
NFA DYOR
Trade here 👉🏻 $AKE
