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$AKE Short squeeze! 🚨
One-hour chart has completely collapsed. The bullish trend that started at 4.957 once surged to 5.635, but has now plummeted to 0.00043, with a maximum drawdown of nearly 100%, and the price is far below the key trailing stop-loss line (5.1536).
Technically, the break has been confirmed, and the bearish trend is accelerating. The MACD lines have a death cross, the histogram's negative value is rapidly expanding, indicating strong bearish momentum. Resistance levels are heavy above, with the nearest at 4.765, and the path to rebound is full of thorns.
Current status: Bearish trend accelerating. The current price is far from the trend line, representing an extreme state after a unilateral plunge. Do not blindly buy the dip. High risk warning! ⚠️