$AKE Signal】Long + Strong consolidation after 1H level short squeeze



$AKE The 1H level has experienced a massive short squeeze and rally, currently in a strong consolidation phase at high levels. The price is ranging around 0.00033, with the 1-hour candlestick firmly above the short-term moving averages. The buy order depth is substantial, indicating strong bullish support. On the 4-hour chart, an epic bullish candle has directly reversed the downward trend. Although the overall trend has not yet fully flattened, the massive volume has announced the entry of major funds. Open interest remains stable, not just a short squeeze. Currently, the 1-hour RSI is in a healthy, slightly overbought zone with sufficient momentum. Any pullback presents an opportunity.

🎯 Direction: Long

⚡ Entry/Order: 0.0003000 - 0.0003006 (Pullback entry)

🛑 Stop Loss: 0.0002850

🚀 Target 1: 0.0003500

🚀 Target 2: 0.0003800

🛡️ Trading Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price of 0.0003006. Hold the remaining position to aim for Target 2. If the price retraces and hits the trailing stop, exit all positions to lock in profits.

( Depth Logic: In the past few hours, there has been a record-breaking volume of transactions. After the price surged, it did not fall back significantly, and buy orders' depth is significantly better than sell orders, indicating a clear intention of major players to support the market. The 1-hour RSI has fallen back from the overbought zone and has not entered oversold territory, indicating a strong correction. Combined with positive funding rates that are not at extreme levels, the market still has fuel for further upward movement. The 0.0003000-0.0003006 zone below is an optimal support area for a pullback, also the previous breakout neckline, making it an ideal sniper entry point. )

View real-time market 👇 $AKE

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