‼️$SYN is now down 88.57% from the explosive rally it staged last month.
$AKE could potentially follow a similar path. Parabolic moves often end with equally aggressive reversals.
The catch is that it probably won't unfold the way most traders expect.
Right now, price is still holding firmly near the highs. That strength can fuel another short squeeze, especially for traders positioned too close to liquidation levels.
From studying these setups, I’ve noticed that price often maintains the illusion of strength, forcing impatient shorts out before eventually grinding lower toward deeper support.
Take $SYN as an example. It took almost a full month before price finally did what most shorts were waiting for. By then, many had likely either closed their positions or abandoned the idea entirely.
I knew a trader who held all the way up to $0.72. When price first dropped to around $0.59, still way above his entry, he got scared and closed for a heavy loss. If he had just held, he would’ve caught the whole drop.
That’s what makes these setups difficult. They test both your analysis and your patience.
As for $AKE, I'm closely watching how price develops into the August 21 token unlock, a date I've highlighted previously.
My base case remains bearish.
If you’re looking to catch the downside, there are two scenarios:
1. Wait for a push back into the all-time high or the $0.6 area, with a stop loss set exactly at the all-time high.
2. Wait until price starts printing a clear lower-low structure before considering a short.
$AKE could potentially follow a similar path. Parabolic moves often end with equally aggressive reversals.
The catch is that it probably won't unfold the way most traders expect.
Right now, price is still holding firmly near the highs. That strength can fuel another short squeeze, especially for traders positioned too close to liquidation levels.
From studying these setups, I’ve noticed that price often maintains the illusion of strength, forcing impatient shorts out before eventually grinding lower toward deeper support.
Take $SYN as an example. It took almost a full month before price finally did what most shorts were waiting for. By then, many had likely either closed their positions or abandoned the idea entirely.
I knew a trader who held all the way up to $0.72. When price first dropped to around $0.59, still way above his entry, he got scared and closed for a heavy loss. If he had just held, he would’ve caught the whole drop.
That’s what makes these setups difficult. They test both your analysis and your patience.
As for $AKE, I'm closely watching how price develops into the August 21 token unlock, a date I've highlighted previously.
My base case remains bearish.
If you’re looking to catch the downside, there are two scenarios:
1. Wait for a push back into the all-time high or the $0.6 area, with a stop loss set exactly at the all-time high.
2. Wait until price starts printing a clear lower-low structure before considering a short.