I have a clean $AKE
short setup on the chart.
Initially, I placed a short limit order around 0.017, but it missed by a very small margin. No problem.
If you’re considering the setup, you can look for entries using DCA with strict risk management, along with a clearly defined Stop Loss and Take Profit.
The key level to watch is 0.025. If $AKE makes another strong leg upward and breaks above this area, it could potentially squeeze or liquidate a large number of short positions.
However, if the price starts moving down from the current level, the chart setup suggests our first target is around 0.0038.
As always, manage your risk carefully and never trade with more than you can afford to lose.
Best of luck, everyone
short setup on the chart.
Initially, I placed a short limit order around 0.017, but it missed by a very small margin. No problem.
If you’re considering the setup, you can look for entries using DCA with strict risk management, along with a clearly defined Stop Loss and Take Profit.
The key level to watch is 0.025. If $AKE makes another strong leg upward and breaks above this area, it could potentially squeeze or liquidate a large number of short positions.
However, if the price starts moving down from the current level, the chart setup suggests our first target is around 0.0038.
As always, manage your risk carefully and never trade with more than you can afford to lose.
Best of luck, everyone