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Huang Yu | AKE/USDT Short: Supply zone resistance pullback 🐉
Market observation: The 4-hour chart shows that after a rapid volume surge, the price is now entering the upper purple supply zone resistance band. Bullish momentum is beginning to show signs of slowing at high levels.
Trading logic: The price retests the previous high supply zone, expecting to encounter strong selling pressure at this resistance area, setting up a high-level short position to capture a technical pullback.
Parameter settings:
Entry (Entry): Around 0.0008817.
Stop loss (SL): 0.0009964.
Take profit (TP): 0.0006191.
Reminder: Cryptocurrency markets are highly volatile. Be sure to strictly implement stop-losses and control your position size according to your risk tolerance! 🧧