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【$AKE Signal】Short squeeze rebound, long positions hidden
$AKE 1H timeframe spikes then pulls back, current price 0.000655. 4H Bollinger Bands have broken above the upper band, RSI soared to 71.48, indicating short-term overbought. The order book is rapidly canceling orders, with a clear gap in buy orders. Funding rate is as high as 0.1614%, open interest remains stable, and bears are still paying high costs, which is typical fuel for a short squeeze.
🎯Direction: Pull back to go long
⚡Entry/Order: Hidden buy in the 0.000501 - 0.000652 range, placing orders below the current price; chasing higher now is too risky.
🛑Stop loss: 0.000398
🚀Target 1: 0.000707
🚀Target 2: 0.000810
🛡️Trade management:
- Execution strategy: Reduce 50% of positions after reaching Target 1, and move stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.
MACD bullish crossover momentum remains, but on the 1H level, volume-price divergence shows selling pressure after the spike. In this high-fee environment, the price holding firm is the main logic. Orders around 0.0006061 below are very thick, fully exposing the market’s support intent. The risk-reward ratio of 0.22 is not ideal, but Hot Coin’s life depends on volatility. Better to take small stops and try, than miss an accelerating short squeeze.
View real-time market 👇 $AKE
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