$AKE — Short the weak bounce, not the bottom.
Short $AKE
• Entry: 0.0003770 – 0.0003890
• Stop Loss: 0.0004015
Targets:
• TP1: 0.0003699
• TP2: 0.0003604
• TP3: 0.0003450
AKE is showing clear weakness after a sharp rejection from the highs, followed by a high-volume breakdown on the 1H timeframe. The structure has shifted into a lower highs + lower lows trend, confirming that sellers are firmly in control.
This current price action reflects a typical continuation phase, where weak bounces are likely to get sold into. With momentum still favoring the downside, this creates a high-probability short opportunity on retracements rather than chasing the bottom.
The bearish bias remains valid as long as price stays below the 0.0004196 resistance zone. A strong reclaim above this level would invalidate the setup and shift momentum.
Manage risk strictly and watch for weak bounce confirmations before entry.
Trade $AKE here 👇🏻
