【$AKT Signal】Pullback to buy + 1H strong consolidation, waiting for a second surge

$AKT The 1H timeframe has experienced a massive rally yesterday and is currently consolidating strongly at high levels. The price is building a platform within the 0.395-0.402 range, with the 1-hour candlesticks repeatedly testing the EMA20 for support, indicating strong buying interest. The 4H timeframe shows a long bullish candle with increased volume establishing a short-term upward trend. The current candlestick closes at a high level, and the trend remains intact. Market depth data shows substantial buy orders, with funding rates significantly negative, indicating potential short squeeze opportunities.

🎯 Direction: Long

⚡ Entry/Order: 0.3797 - 0.3882 (waiting for a pullback to EMA20 and previous breakout support zone)

🛑 Stop Loss: 0.3690

🚀 Target 1: 0.4150

🚀 Target 2: 0.4300

🛡️ Trading Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price retraces and falls below the moving stop loss, exit all positions.

Order Book Logic: The 4-hour breakout with increased volume maintains stable open interest, indicating not just a simple short squeeze but also signs of institutional support. Currently, the 1-hour RSI has healthyly fallen from overbought territory to around 62, preparing for another upward move. In a negative funding rate environment, the price refusing deep retracement is a typical sign of strength. Key support is in the 0.385-0.388 zone; as long as this level holds, the upward structure remains intact, and a challenge to the previous high of 0.42 is possible.

View real-time market 👇 $AKT

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