About AKE going sideways—does it mean accumulation, or “when it stays flat for long, it will inevitably drop”?

Just now, a fan came to ask me what I think about AKE—guess they probably lost money on it before. Honestly, for this kind of low-cap altcoin, the support and resistance levels on the candlestick chart are basically like paper-thin. Technical analysis doesn’t really matter much.

What you can genuinely reference is still the intentions of the whales, the long-to-short ratio, and where smart money is flowing—but in the end, the final direction is still decided by the whales.

My trading approach:

Now I’d take a small long position, or wait for a pullback to add a long—relatively safer. The key is not to get greedy. As long as it pulls out a sharp spike up, odds are high that later it will be followed by a dump and distribution.

So take a bite on the short-term and run—don’t get trapped in a long fight.