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【$AKE Signal】Long! 1H pullback confirmation, main force clearly intends to support the market
$AKE At the 1H level, after experiencing a massive surge, the price is undergoing a healthy pullback, with initial support around 0.0002997. On the 4H level, a large bullish candle establishes an upward trend, and the current correction has not broken the middle of the bullish candle, indicating strong consolidation. Open interest remains stable, funding rates are positive but not high, showing mild bullish sentiment without overheating. The order book shows sell orders accumulating in the 0.0003001-0.0003010 range; once broken, the price will accelerate upward.
🎯Direction: Long (Long)
🎯Entry/Order: 0.0002995 - 0.0003005 (Reason: 1H EMA20 support zone and dense trading area in the order book )
🛑Stop loss: 0.0002950 (Reason: Break below the 4H bullish candle low and previous support )
🚀Target 1: 0.0003150 (Reason: 1H previous high resistance )
🚀Target 2: 0.0003300 (Reason: 4H previous high and Fibonacci extension level )
🛡️Trade management:
- Position suggestion: Light position (Reason: Hot coin with high volatility, control risk )
- Execution strategy: After reaching target 1, take profit on 50% of the position, and move the stop loss of the remaining position to the entry price. If the price strongly breaks through 0.0003150, the remaining position target can be set at 0.0003300.
Deep logic: Market logic indicates a price increase, combined with stable growth in open interest, which suggests that main force is entering rather than purely short covering. The 1H RSI(53.83) is in a healthy zone with room to rise. The order book depth imbalance is -21.30%, but there are large buy orders below 0.0002980, forming an invisible support wall. The current price is at a critical point of bullish and bearish contest; a pullback is an opportunity.
View real-time quotes 👇 $AKE
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