This isn’t a trap—the accumulation is speaking. The 4-hour and 1-hour moving averages for $AKE are all stacked overhead, and the bearish alignment has remained intact. Price is grinding just below the moving averages, while rebound volume gets weaker each time. In this setup, sellers are firmly in control. I’m watching for directional alignment across the moving average system: both the short-term and swing timeframes are pointing down, which tells me this isn’t noise.
Of course, price is stretched well below the moving averages, so a bounce could happen at any time. Don’t chase the move; wait for a pullback into the moving-average cluster before considering an entry. Until key levels are reclaimed, the path lower looks clearer.
🔴 Trade direction: Short
📍 Entry range: 0.0026595 – 0.0027105
🛑 Stop loss: 0.0035906
🎯 Take profit 1: 0.0020057
🎯 Take profit 2: 0.0015530
🎯 Take profit 3: 0.0008738
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#AKE
Tap below to trade 👇
Of course, price is stretched well below the moving averages, so a bounce could happen at any time. Don’t chase the move; wait for a pullback into the moving-average cluster before considering an entry. Until key levels are reclaimed, the path lower looks clearer.
🔴 Trade direction: Short
📍 Entry range: 0.0026595 – 0.0027105
🛑 Stop loss: 0.0035906
🎯 Take profit 1: 0.0020057
🎯 Take profit 2: 0.0015530
🎯 Take profit 3: 0.0008738
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#AKE
Tap below to trade 👇