$AKE is retesting a supply overhang after a 26% rally from recent lows.

Trading Plan Short $AKE

Entry: 0.00322 – 0.00324

SL: 0.00330

TP1: 0.00310

TP2: 0.00295

TP3: 0.00270

The asset has surged from 0.00254 to 0.0032291 — a 26% gain. The RSI at 76 suggests the asset is entering overbought territory. The 1-hour chart is displaying a loss of bullish momentum, with price struggling to extend beyond the current level. This region has rejected price multiple times in the past, creating a strong resistance zone. If sellers defend this area, the next downside targets are near 0.00310 and 0.00295, with deeper liquidity at 0.00270 — a potential 16% decline from entry. The momentum is showing clear signs of deceleration as the asset struggles to establish higher highs.

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