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$AKE faced a strong rejection from the previous high around $0.00613 and has since recovered toward $0.00559. While buyers are showing some strength, price remains below the key resistance zone, keeping the bearish bias intact.
Invalidation: A strong 15m candle close above $0.00613.
Strategy: Don’t chase the short at current levels. Wait for another clear rejection from resistance before entering. Due to $AKE ’s high volatility, keep leverage low and manage risk carefully.
I’m watching $ZEC closely after repeated rejection around the $496–$498 area. The recent bearish candles suggest buyers are struggling to push through this resistance, while sellers are starting to gain short-term control.
For my setup, I’m looking for a SHORT entry around $491–$494. The key confirmation would be continued weakness below the resistance zone, with a clean break under $490 potentially opening the way toward lower support.
I’m opening a SHORT around $147 and looking for a controlled move lower from this area. The key for me is keeping the invalidation clear rather than chasing the trade if price moves against the setup.
Trade Plan:
Entry: $147 Stop Loss: $149 Take Profit: $140
As long as price remains below $149, I’ll maintain the short bias. A clean move toward $140 would confirm that sellers are gaining control and give the setup its intended risk-to-reward profile.
If $149 is reclaimed with strength, I’ll consider the setup invalid and step aside rather than forcing the position.
My view: SHORT from $147, with $140 as the main downside target and $149 as the level that tells me I’m wrong.
I’m watching $RE closely around the $0.445–$0.455 zone. For me, this is the area where buyers need to step in and establish support before I look for continuation toward the upside targets.
I’m taking a LONG bias because the entry zone offers a defined risk level while leaving room toward $0.480 and $0.520. I’d rather enter around support than chase a move after it has already extended.
If price holds $0.445–$0.455 and starts building above $0.455, I’ll consider that a stronger confirmation of buyer strength.
My invalidation is $0.409. If that level breaks, I’d step away from the setup instead of forcing the trade.
My view: LONG, with $0.445–$0.455 as the key zone and $0.480 as my first upside target.
TURKEY CENTRAL BANK: Trend Inflation Indicator Holds Flat
According to reports citing Jin10, Turkey’s Central Bank Governor stated that the trend inflation indicator remained flat, signaling a pause in directional momentum for underlying price pressures.
Key Takeaways & Market Context:
Price Pressures Stabilizing: A flat trend inflation reading indicates that while high inflation hasn't surged further, disinflation momentum is still searching for a clear downward breakout.
Tight Policy Stance: The Central Bank of the Republic of Turkey (TCMB) is expected to maintain a cautious stance to anchor long-term price stability before considering any rate shifts.
Macro Impact: Traders watching emerging market foreign exchange and broader market sentiment will keep a close eye on upcoming monthly CPI data for confirmation.