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【$AKE Signal】1H timeframe breakout and pullback, bullish structure remains intact
$AKE After a surge on the 1H timeframe followed by a pullback to the EMA20 moving average, buying interest actively supported around 0.000757, and the price did not effectively break below. Data on the 4H timeframe is missing, but the 1H MACD fast and slow lines have a golden cross and are converging, with the histogram shrinking. Bullish momentum is temporarily paused but not reversed. Market depth shows buy orders are 14.69% thicker than sell orders, indicating clear support from funds.
Price is directly long in the range of 0.0007575 to 0.0007651, and entries can be made in batches near the current price.
🛑Stop-loss must be placed below 0.0007514; a breakdown indicates the bulls' defense line has failed.
🚀First target is 0.0007925, which is the previous minor high.
🚀Second target is 0.0008062, close to the upper band of the 1H Bollinger Bands.
🛡️Trading management:
- After reaching the first target, reduce half of the position, and move the stop-loss of the remaining position to the entry price. If the price fails to break above 0.000792 and falls back to the cost zone, exit all positions.
The current funding rate of 0.0529% is not extreme, position volume is stable, and there are no obvious signs of forced liquidation or distribution. The 1H RSI is at 64.85, in a strong zone but not overheated, leaving room for further upward movement. The risk-reward ratio is 2:1, making this trade manageable; the key is whether the price can consolidate above the moving average and then volume again.
Check real-time market 👇 $AKE
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