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This time $AKE , I didn’t choose to chase the upward move, but instead started watching for short opportunities after it ran up.
When many people see an altcoin suddenly rally, their first reaction is whether it can keep going up—yet the most dangerous part of trading is often when everyone starts getting excited.
AKE surged quickly from a low level at the start, with the peak reaching around 0.0059, but afterwards it didn’t continue breaking through with increased volume. Instead, it went into high-level consolidation, and trading volume gradually declined.
On the 4-hour chart, you can also see that the short-term moving averages started to weaken. The price fell back below the moving averages, and the MACD momentum began to fade—this indicates that the capital pushing the uptrend is weakening.
So at that time, I chose to set up a short position, with an opening average price of 0.0043.
After that, the price kept falling all the way down. Currently, the profit on this short position is 392%.
The biggest characteristic of altcoins is that when they rise, it gets crazy—but when the tide turns, the pullback happens just as quickly.
The real opportunities aren’t only about catching pumps; after market sentiment gets overheated, it’s also about finding the phase where risk is released. $GT $BANK #NFT板块单日反弹超8%