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【$AKE Signal】High-level consolidation, attempt shorting
$AKE 1H timeframe shows high-level oscillation, with selling pressure appearing near the upper band of the 4H Bollinger Bands around 0.0008, and the 1H MACD histogram continues to contract, indicating weakening bullish momentum. Buy order depth is imbalanced at -3.15%, with active selling strength increasing.
Price is hovering below 0.0007523, so you can short at the current price, with a stop below 0.0004975. The first target is 0.0008086, and the second target is 0.0009123.
After a volume-driven surge on the 4-hour chart, consecutive upper shadows appear, indicating that the willingness of funds to absorb the price is weakening. The 1-hour RSI hovers around 65, lacking further upward momentum. This position offers a decent risk-reward ratio, but caution is needed for the typical rebound of hot coins.
Check real-time market 👇 $AKE
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