🚨 $AKE — POTENTIAL SHORT SETUP! 🔴🐻
After a massive 248% weekly pump, $AKE is showing signs of possible exhaustion. Sellers are stepping in, and a healthy correction could be on the horizon. 📉
📍 SHORT ENTRY ZONE: $0.01300 – $0.01350
🛑 STOP LOSS: 15m candle close above $0.01445
🎯 TAKE PROFIT TARGETS:
- TP1: $0.01159
- TP2: $0.01070
- TP3: $0.00964
🔎 WHY I'M WATCHING A SHORT:
1. Two rejections near $0.014348.
2. Price extended well above Supertrend at $0.010973.
3. Order book showing 54.65% sell pressure versus 45.35% buying.
4. High 24H trading volume of 1.26B USDT.
5. A 248% weekly rally increases the possibility of profit-taking.
⚠️ INVALIDATION: If a 15m candle closes above $0.014348, the bearish setup is invalidated. No short entry!
💡 Low leverage, strict stop loss, and proper risk management are essential in such volatile conditions.
💬 What's next for $AKE : a major correction or a breakout above $0.0143? 👀
DYOR | NFA. Trade responsibly.
#AKE #Binance #ShortSetup #CryptoTrading #Altcoins #TechnicalAnalysis
After a massive 248% weekly pump, $AKE is showing signs of possible exhaustion. Sellers are stepping in, and a healthy correction could be on the horizon. 📉
📍 SHORT ENTRY ZONE: $0.01300 – $0.01350
🛑 STOP LOSS: 15m candle close above $0.01445
🎯 TAKE PROFIT TARGETS:
- TP1: $0.01159
- TP2: $0.01070
- TP3: $0.00964
🔎 WHY I'M WATCHING A SHORT:
1. Two rejections near $0.014348.
2. Price extended well above Supertrend at $0.010973.
3. Order book showing 54.65% sell pressure versus 45.35% buying.
4. High 24H trading volume of 1.26B USDT.
5. A 248% weekly rally increases the possibility of profit-taking.
⚠️ INVALIDATION: If a 15m candle closes above $0.014348, the bearish setup is invalidated. No short entry!
💡 Low leverage, strict stop loss, and proper risk management are essential in such volatile conditions.
💬 What's next for $AKE : a major correction or a breakout above $0.0143? 👀
DYOR | NFA. Trade responsibly.
#AKE #Binance #ShortSetup #CryptoTrading #Altcoins #TechnicalAnalysis
