#AKE $AKE on the verge of a deep correction
After a sharp pump, $AKE gained around 128% in just a few days.
At this stage, the move looks more like speculative price manipulation than sustainable growth.
What catches my attention is the lack of convincing trading volume behind the rally. Price moved aggressively, but the buying pressure doesn’t look strong enough to justify such a rapid expansion.
The first signs of a reversal are already visible. If sellers continue to take control, I would expect the price to retrace a significant part of the entire previous move.
Personally, the setup looks more interesting to me from the short side than from the long side. I would prefer to wait for confirmation rather than chase the move, because assets after such pumps can easily make another aggressive spike before finally reversing.
My bias: SHORT 📉
The scenario I would watch most closely is a failed rebound followed by a break of the recent local low. That would give bears a much cleaner confirmation.
$HEMI
After a sharp pump, $AKE gained around 128% in just a few days.
At this stage, the move looks more like speculative price manipulation than sustainable growth.
What catches my attention is the lack of convincing trading volume behind the rally. Price moved aggressively, but the buying pressure doesn’t look strong enough to justify such a rapid expansion.
The first signs of a reversal are already visible. If sellers continue to take control, I would expect the price to retrace a significant part of the entire previous move.
Personally, the setup looks more interesting to me from the short side than from the long side. I would prefer to wait for confirmation rather than chase the move, because assets after such pumps can easily make another aggressive spike before finally reversing.
My bias: SHORT 📉
The scenario I would watch most closely is a failed rebound followed by a break of the recent local low. That would give bears a much cleaner confirmation.
$HEMI