$AKE
Short Setup (Fade the Spike)
AKE is up more than 300% in 24 hours and has stalled just under the 0.0133 high with long upper wicks. RSI is near 88 and price sits about 35% above the 1H MA9. I'm not shorting blindly. I'm waiting for a rejection near the high to fade the spike.
Entry: 0.01240 – 0.01310 (only after a 1H candle rejects the high)
Stop-loss: 0.01370
TP1: 0.01120
TP2: 0.01000
TP3: 0.00850
Reason: The move is vertical with RSI near 88, the 0.0132–0.0133 area has been rejected twice with long wicks, and the 1H MA9 (about 0.00923) is far below price, so a pullback toward 0.0100 is likely once momentum fades.
📰 News: About 2.1B AKE tokens are scheduled to unlock around Nov 21, which adds supply pressure.
⚠️ Parabolic coins can squeeze higher without warning, so I keep size very small and use a strict stop.
A 1H close above 0.01370 invalidates this idea and I will step aside.
Personal view, not financial advice. DYOR.
Follow for more clean, simple trade setups.
#AKE #trade #TradingSignals #TradingStrategies💼💰
Short Setup (Fade the Spike)
AKE is up more than 300% in 24 hours and has stalled just under the 0.0133 high with long upper wicks. RSI is near 88 and price sits about 35% above the 1H MA9. I'm not shorting blindly. I'm waiting for a rejection near the high to fade the spike.
Entry: 0.01240 – 0.01310 (only after a 1H candle rejects the high)
Stop-loss: 0.01370
TP1: 0.01120
TP2: 0.01000
TP3: 0.00850
Reason: The move is vertical with RSI near 88, the 0.0132–0.0133 area has been rejected twice with long wicks, and the 1H MA9 (about 0.00923) is far below price, so a pullback toward 0.0100 is likely once momentum fades.
📰 News: About 2.1B AKE tokens are scheduled to unlock around Nov 21, which adds supply pressure.
⚠️ Parabolic coins can squeeze higher without warning, so I keep size very small and use a strict stop.
A 1H close above 0.01370 invalidates this idea and I will step aside.
Personal view, not financial advice. DYOR.
Follow for more clean, simple trade setups.
#AKE #trade #TradingSignals #TradingStrategies💼💰
