I'm opening a SHORT on $AKE
After a 350%+ rally, I'm looking for a potential reversal.
Here's what I'm watching:
• Price is trading significantly above its MA7 and MA99, showing an unusually extended move.
• Funding is positive at 0.066% per 4H, meaning longs are paying to maintain their positions.
• The aggressive rally increases the risk of a long squeeze if buying momentum starts fading.
• The $0.0240 historical high remains an important reference level.
My strategy:
Initial margin: 0.2% of capital
Direction: SHORT
Approach: Short scalp with controlled DCA if needed.
I'm expecting a possible sharp correction over the next 48 hours, but I want price confirmation rather than blindly chasing the move.
No holding without a plan. If I decide to hold, I'll secure the position and move SL to breakeven.
Let's see if the rally finally loses momentum.
$AKE #CryptoTrading #Altcoins
After a 350%+ rally, I'm looking for a potential reversal.
Here's what I'm watching:
• Price is trading significantly above its MA7 and MA99, showing an unusually extended move.
• Funding is positive at 0.066% per 4H, meaning longs are paying to maintain their positions.
• The aggressive rally increases the risk of a long squeeze if buying momentum starts fading.
• The $0.0240 historical high remains an important reference level.
My strategy:
Initial margin: 0.2% of capital
Direction: SHORT
Approach: Short scalp with controlled DCA if needed.
I'm expecting a possible sharp correction over the next 48 hours, but I want price confirmation rather than blindly chasing the move.
No holding without a plan. If I decide to hold, I'll secure the position and move SL to breakeven.
Let's see if the rally finally loses momentum.
$AKE #CryptoTrading #Altcoins
