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$AKE UP 9% – BUT RSI 89 SAYS CAUTION AHEAD!"
AKE is up 9% today, continuing its wild run after yesterday's 300% pump. RSI is at 89 – extreme overbought territory. The 4-hour chart shows a bearish divergence forming – price made a higher high, but RSI made a lower high. This is often a warning of weakening momentum.
Resistance sits at $0.000950. A rejection here could send it back toward $0.000850 and $0.000780. If it breaks above, we might see $0.001000.
The risk-reward at these levels is heavily skewed to the downside.
#PreIPOsSeason2OpenAISubscription #GateDEXIntegratesWithRobinhoodChain #TSMCQ2NetProfitSurges77%