Chart Analysis $AKE
/USDT Perpetual (4H Timeframe):
Trend Structure: The market is in a strong short-term bearish trend after being rejected from the upper trendline resistance.
Price Zones & Support: The price is currently consolidating around $0,00294, with the nearest support zone in the $0,00228–$0,00253 range, and major lower support at $0,00158.
Volume: The previous surge in selling volume confirms massive distribution pressure.
Trading Signals & Recommendations (Futures):
Bias: Short / Bearish Continuation.
Entry Area (Sell on Rally): $0,00295–$0,00320.
Take Profit Targets (TP):
TP1: $0,00228
TP2: $0,00178
Stop Loss (SL): Above $0,00360 (to manage risk in case of a trend reversal).
/USDT Perpetual (4H Timeframe):
Trend Structure: The market is in a strong short-term bearish trend after being rejected from the upper trendline resistance.
Price Zones & Support: The price is currently consolidating around $0,00294, with the nearest support zone in the $0,00228–$0,00253 range, and major lower support at $0,00158.
Volume: The previous surge in selling volume confirms massive distribution pressure.
Trading Signals & Recommendations (Futures):
Bias: Short / Bearish Continuation.
Entry Area (Sell on Rally): $0,00295–$0,00320.
Take Profit Targets (TP):
TP1: $0,00228
TP2: $0,00178
Stop Loss (SL): Above $0,00360 (to manage risk in case of a trend reversal).
