AKE is showing weakness after a failed attempt to reclaim higher grounds, and the current market structure suggests a short-term downside. AKE's price is currently hovering around a key area of interest, ripe for a potential breakdown.
🔴 $AKE SHORT 📉
Entry → $0.009319-$0.009337
Stop → $0.009608 (-3.0%)
TP1 → $0.009188 (+1.5%)
TP2 → $0.008862 (+5.0%)
R/R 1:1.7 • Confidence 64%
The setup for AKE short is compelling, with a clear market structure break, volume confirming the direction, and a fair value gap that's yet to be filled. The presence of an order block and its confluence with the fair value gap adds to the conviction, pointing towards a potential move lower. The chart is essentially telling a story of a failed rebound, now looking to unwind.
With a 3.0% stop loss, which is relatively tight given the current volatility, a leverage of 3x to 4x seems appropriate to maximize the risk-reward ratio of 1:1.7.
Taking partial profits at the first target will help lock in some gains and reduce exposure, allowing for a more aggressive push to the second target if the trade continues to develop in our favor.
Not financial advice — trade only what you can afford to lose 🙏
$AKE #AKEUSDT #BTC #TradingSignals #Write2Earn
🔴 $AKE SHORT 📉
Entry → $0.009319-$0.009337
Stop → $0.009608 (-3.0%)
TP1 → $0.009188 (+1.5%)
TP2 → $0.008862 (+5.0%)
R/R 1:1.7 • Confidence 64%
The setup for AKE short is compelling, with a clear market structure break, volume confirming the direction, and a fair value gap that's yet to be filled. The presence of an order block and its confluence with the fair value gap adds to the conviction, pointing towards a potential move lower. The chart is essentially telling a story of a failed rebound, now looking to unwind.
With a 3.0% stop loss, which is relatively tight given the current volatility, a leverage of 3x to 4x seems appropriate to maximize the risk-reward ratio of 1:1.7.
Taking partial profits at the first target will help lock in some gains and reduce exposure, allowing for a more aggressive push to the second target if the trade continues to develop in our favor.
Not financial advice — trade only what you can afford to lose 🙏
$AKE #AKEUSDT #BTC #TradingSignals #Write2Earn