$AKE is on a strong upward run… but what I'm really focused on isn't the rally itself. It's what comes next. 👀
The price has been tightly consolidating in the same zone, and liquidity is stacking up on both sides. The prior all-time high still sits roughly 60% higher than current levels, so given how volatile this coin is, a sharp wick or another squeeze can't be ruled out before the true trend reveals itself.
That's why I'm sitting back and observing rather than jumping straight into a short position.
We saw something similar play out with $LSK — one final explosive move, shorts got wrecked, and then things settled down afterward.
My take is that $AKE is approaching the more critical stage of its cycle. Rather than trying to call the exact top, I'd rather wait for solid confirmation first.
And if you're already holding a short, don't let one unexpected wick wipe you out. Keep your liquidation levels in check, hold sufficient margin, and avoid overleveraging. Staying patient beats fighting every single candle
The price has been tightly consolidating in the same zone, and liquidity is stacking up on both sides. The prior all-time high still sits roughly 60% higher than current levels, so given how volatile this coin is, a sharp wick or another squeeze can't be ruled out before the true trend reveals itself.
That's why I'm sitting back and observing rather than jumping straight into a short position.
We saw something similar play out with $LSK — one final explosive move, shorts got wrecked, and then things settled down afterward.
My take is that $AKE is approaching the more critical stage of its cycle. Rather than trying to call the exact top, I'd rather wait for solid confirmation first.
And if you're already holding a short, don't let one unexpected wick wipe you out. Keep your liquidation levels in check, hold sufficient margin, and avoid overleveraging. Staying patient beats fighting every single candle
