Beneath the undercurrents, the biggest danger is letting emotions obscure disagreement. On the 4-hour chart, $AKE has remained below both the EMA50 and EMA200. The moving averages remain bearishly aligned with no sign of easing, and the swing trend is clearly downward. Each rebound is weaker than the last, and volume has failed to pick up. In this structure, I favor following the trend and leaning bearish rather than trying to call a bottom.
After the key support gave way, room opened up to the downside. Any short-term bounce is more likely a corrective move than a reversal, so positioning short here makes more sense.
🔴 Trade direction: Short
📍 Entry range: 0.0024039 – 0.0024439
🛑 Stop-loss: 0.0035949
🎯 Take-profit 1: 0.0015455
🎯 Take-profit 2: 0.0009600
🎯 Take-profit 3: 0.00008173
Take in the vastness of mountains and seas; notice the market’s every nuance.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#AKE
Click below to trade 👇
After the key support gave way, room opened up to the downside. Any short-term bounce is more likely a corrective move than a reversal, so positioning short here makes more sense.
🔴 Trade direction: Short
📍 Entry range: 0.0024039 – 0.0024439
🛑 Stop-loss: 0.0035949
🎯 Take-profit 1: 0.0015455
🎯 Take-profit 2: 0.0009600
🎯 Take-profit 3: 0.00008173
Take in the vastness of mountains and seas; notice the market’s every nuance.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#AKE
Click below to trade 👇