【$AKE Signal】Short Position + Overbought Short Squeeze Risk

$AKE After continuous volume increase on the 4-hour chart, the RSI has entered the overbought zone at 79.31, but the funding rate is only 0.0050%, and open interest remains stable with no clear signs of major players closing long positions. Market depth is unbalanced at -10.84%, with sell walls significantly thicker than buy walls, indicating heavy selling pressure above.

🎯 Direction: Short (NoPosition)

The current price action is a typical short squeeze in a low-market-cap coin, lacking a healthy correction structure. Although the trend is upward, chasing the high carries great risk, and there are no suitable support levels for a pullback to add longs. Conditions for shorting are not met (funding rate is low, open interest has not decreased, no top divergence), forcing a premature attempt to top out is essentially suicidal.

Be patient and wait for the price to cool down, observe whether it can retest and hold at 0.000245 (former high turned support) or 0.000232 (around EMA20) to form a new supply and demand zone. Until then, staying on the sidelines is the best risk management.

Trade here 👇 $AKE

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