🚨 $AKT / USDT — BLOW-OFF TOP REJECTION! 📉 [Short]
ENTRY: 0.4891 – 0.5050 🎯
STOP LOSS: 0.5350 🛑 (Safe zone above the fresh 24h high and major resistance wick)
TP 1: 0.4550 ✅
TP 2: 0.4320 🔥 (Key historical support and 1H consolidation shelf)
TP 3: 0.4136 🚀 (Full retest of the structural breakout base)
Why are we Shorting? 🐻
Aggressive Rejection at $0.52: Akash Network (AKT) hit a local peak of $0.5214 but faced immediate and heavy selling pressure, forming a massive bearish upper wick on the 1H chart. This suggests that "smart money" is exiting positions at these elevated levels. 📉🌪️
Parabolic Fatigue: The token has surged over +14.57% recently, moving from a low of $0.4184 to over $0.52 in a vertical fashion. Such rapid growth is often unsustainable and prone to a sharp "mean reversion" as the market rebalances. 📉🩸
MACD Histogram Flattening: While the MACD lines (DIF: 0.0180, DEA: 0.0150) remain positive, the green histogram bars have clearly peaked and are beginning to decline. This indicates that the bullish momentum is fading rapidly. 🧱📉
Volume Climax: The push to the $0.52 level was accompanied by a massive volume spike, followed by smaller candles on lower volume. This "exhaustion volume" typically marks the end of a short-term pump. 🐋🔨
Technical Pullback Needed: Price is currently overextended above all major short-term moving averages. A healthy correction to test the $0.43 support is technically expected before any further upside. 😱❄️
The Strategy 🧠
We are playing the reversal after a failed breakout attempt! 🛡️ By entering near 0.4891, we position ourselves as the price begins its descent from the local top. The Stop Loss at 0.5350 provides a buffer against any secondary "fake-out" wicks. Focus on the 0.4320 target, which aligns with previous price action floors and would represent a standard 50% retracement of the recent move! 🌊📉
