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$AKE That spike went into 0.0020 last night. My friend chased it with a full position and is now down 20%. At the 0.0014 level, do you dare to buy?
Bullish reasons: 1. 24h trading volume is $1 billion, and the huge turnover suggests big players are accumulating; 2. It has been pumped up from 0.0008 and hasn’t pulled back yet, indicating a high level of control by the main force; 3. The community’s hype for trade calls hasn’t cooled down, and on-chain holder concentration is increasing.
Bearish reasons: 1. 0.0020 is a heavy liquidation/locked-in zone concentrated from August, and the sell pressure hasn’t been digested yet; 2. A 4-hour top divergence formed, implying a short-term pullback is needed; 3. The funding rate suddenly turned positive—bears/shorts may counterattack.
My breakdown-level plan: try a small long at 0.0013, cut loss at 0.0008, and the first target is 0.0019. If it drops below 0.0012 on increased volume, don’t be stubborn. If it goes up, you gain 1; if it breaks down, you lose 2.