$AKE - watching the SHORT side (x10)
Quick lesson from $AKE on why two trends matter more than one
Both the 4-hour and 1-hour trends lean down together, so price is holding under its main EMAs on each. That looks backwards for a short at first, since price is already low, but I read it as weakness still in place rather than a reason to flip.
Does price sitting under its EMAs on both timeframes read as weak to you, or just stretched?
Setup:
Entry: 0.00398–0.00402
TP1: 0.00375
TP2: 0.0035
TP3: 0.00321
SL: 0.00425
5.9% to the stop on this one. Leverage has to fit that distance, not the other way round.
LONG vs SHORT: 5 vs 75, SHORT favored
🔴 Short (4/7): 4H trend down, 1H confirms, 30m below EMAs
🟢 Long (1/7): negative funding
Why wait: price already ran, no chasing + BTC leaning against it
Flip: a close above 0.00425 kills the short idea
⚠️ Personal market insight, not investment advice. DYOR.
Quick lesson from $AKE on why two trends matter more than one
Both the 4-hour and 1-hour trends lean down together, so price is holding under its main EMAs on each. That looks backwards for a short at first, since price is already low, but I read it as weakness still in place rather than a reason to flip.
Does price sitting under its EMAs on both timeframes read as weak to you, or just stretched?
Setup:
Entry: 0.00398–0.00402
TP1: 0.00375
TP2: 0.0035
TP3: 0.00321
SL: 0.00425
5.9% to the stop on this one. Leverage has to fit that distance, not the other way round.
LONG vs SHORT: 5 vs 75, SHORT favored
🔴 Short (4/7): 4H trend down, 1H confirms, 30m below EMAs
🟢 Long (1/7): negative funding
Why wait: price already ran, no chasing + BTC leaning against it
Flip: a close above 0.00425 kills the short idea
⚠️ Personal market insight, not investment advice. DYOR.
