I think $AKE is about to make a sharp correction after that +108% surge.....
The price is currently at $0.005808.
I’m watching the $0.0060 to $0.0063 zone for signs of strong bearish rejection.
102 whales are short with a total position of $5.82M, while 54% of retail investors are still buying.
Open interest is rising, so this situation is becoming increasingly volatile.
I’m leaning toward a price drop to $0.0048, then $0.0040, and possibly $0.0035 if the bears take control.
But the short-selling whales are already down $1.49M, so another squeeze is still possible. If the price decisively breaks above $0.0060, I’ll change my view.
No sign of upside rejection, no shorting.
The price is currently at $0.005808.
I’m watching the $0.0060 to $0.0063 zone for signs of strong bearish rejection.
102 whales are short with a total position of $5.82M, while 54% of retail investors are still buying.
Open interest is rising, so this situation is becoming increasingly volatile.
I’m leaning toward a price drop to $0.0048, then $0.0040, and possibly $0.0035 if the bears take control.
But the short-selling whales are already down $1.49M, so another squeeze is still possible. If the price decisively breaks above $0.0060, I’ll change my view.
No sign of upside rejection, no shorting.