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【$AKE Signal】1H timeframe bullish momentum continues, targeting short squeeze trend
$AKE 1H timeframe EMA20 and EMA50 golden cross upward, price is trading above the middle band of Bollinger Bands, buy order depth exceeds sell orders by 34%, funding rate remains positive but not overheated.
Price directly buys in the 0.0007575 - 0.0007651 range, the opportunity is near the current price.
🛑Stop loss must be placed below 0.0007514, which is the lower boundary of the dense trading zone on the hourly chart.
🚀First target is 0.0007925, close to the upper band of the 1H Bollinger Bands.
🚀Second target is 0.0008062, the extension space after breaking through the previous high resistance.
🛡️Trading management:
- Execution strategy: After reaching the first target, cut half of the position, and move the stop loss of the remaining position up to the entry price. If the price cannot stay above 0.0007650 and weakens, exit proactively without hesitation.
Order book depth imbalance is obvious, buy orders are stacked. The 1-hour MACD fast and slow lines are above zero, although the histogram is shrinking, the trend remains unchanged. Position volume is stable, no significant reduction during the rally, indicating this push has some sustainability. The current risk-reward ratio is close to 2, which is acceptable.
Check real-time market 👇 $AKE
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