👀 Is shorting $AKE really the right move right now?
I'm leaning toward the opposite side. I'm opening a BIG LONG on $AKE because the liquidity above the current price looks interesting.
AKEUSDT Perpetual
- Current Price: $0.006001
- 24H Change: +18.83%
- Direction: LONG 🟢
- Take Profit: $0.0080
- Stop Loss: $0.0037
Yes, AKE has already made a strong move, and I understand why some traders might be looking for a short opportunity. But I don't think the upside story is over just yet.
The liquidity zone around $0.007–$0.008 is what caught my attention. A significant amount of short-side liquidity appears to be sitting above this area. Meanwhile, price is holding its ground after the pump instead of immediately reversing.
If buyers maintain control and push through resistance, another strong upward move could follow.
My trading strategy:
- At $0.007, I'll take 50% profit.
- Move the stop loss to my entry price.
- Keep the remaining 50% open, targeting $0.008.
Of course, a reversal is still possible, so risk management matters. But I'm watching the upside closely.
Will AkE trigger another short squeeze, or are we about to see a correction? 👀
#AKE #AKEUSDT #CryptoTrading #Altcoins #FuturesTrading
I'm leaning toward the opposite side. I'm opening a BIG LONG on $AKE because the liquidity above the current price looks interesting.
AKEUSDT Perpetual
- Current Price: $0.006001
- 24H Change: +18.83%
- Direction: LONG 🟢
- Take Profit: $0.0080
- Stop Loss: $0.0037
Yes, AKE has already made a strong move, and I understand why some traders might be looking for a short opportunity. But I don't think the upside story is over just yet.
The liquidity zone around $0.007–$0.008 is what caught my attention. A significant amount of short-side liquidity appears to be sitting above this area. Meanwhile, price is holding its ground after the pump instead of immediately reversing.
If buyers maintain control and push through resistance, another strong upward move could follow.
My trading strategy:
- At $0.007, I'll take 50% profit.
- Move the stop loss to my entry price.
- Keep the remaining 50% open, targeting $0.008.
Of course, a reversal is still possible, so risk management matters. But I'm watching the upside closely.
Will AkE trigger another short squeeze, or are we about to see a correction? 👀
#AKE #AKEUSDT #CryptoTrading #Altcoins #FuturesTrading
