【$AKT Signal】Hold Cash Waiting for Key Support Confirmation

$AKT Continues to consolidate weakly after breaking below EMA20 on the 4-hour chart, with the price struggling around 0.307. Deep imbalance indicates heavy selling pressure.

🎯Direction: Hold Cash (NoPosition)

The current market conditions are not suitable for high-probability trading. The price has broken below the critical dynamic support at EMA20 (0.3120), and the 4-hour candlestick has closed below it consecutively, confirming a short-term trend weakening. Depth data shows a significant sell wall (Asks) accumulated in the 0.3080-0.3095 range, while buy orders (Bids) below are thick but the price continues to decline, indicating passive absorption by buyers and a lack of active upward momentum.

Funding rate is positive (0.0050%), but open interest (OI) remains stable. Combined with falling prices, this suggests possible passive long positions or mild profit-taking, rather than strong short squeezes or main force liquidation. RSI (45.65) is in a neutral to weak zone, with no clear oversold signals.

The key contradiction is that the price is near recent lows (0.3067), forming a support zone, but the rebound is weak and the order book shows clear selling pressure. Long positions lack clear bottom structures (such as Pin Bars or volume-increasing bullish candles) and capital inflow (rising OI); short positions face dense support zones below, and the funding rate is not extremely positive, which does not meet the conditions for shorting on the left side.

Risk control core: Trading now with a poor risk-reward ratio is not advisable. The best strategy is to hold cash and observe how the price reacts around the key support zone of 0.3060-0.3070. If volume increases and the price breaks down with rising OI, consider shorting in the trend; if buy absorption occurs here (volume increases, price stabilizes, depth thickens) and the price reclaims EMA20, that would be a healthy long signal.

Trade here 👇 $AKT

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