#ANKRTrading Droppppppppiingggg ‼️
$ANKR /USDT – Post-Surge Fade Setup, Short Opportunity as Momentum Cools❗
$ANKR Following a sharp rally from $0.01750 to $0.02462,
#ANKR has entered a clear distribution phase. The price is now forming lower highs with weakening bullish volume, indicating the initial impulse is fading. RSI sits at 36.88 on the 1-hour chart, reflecting softening strength and opening the door for a potential retracement.
Current Price: $0.02054
Entry Zone: $0.02060 – $0.02090 (lower high retest)
Target 1: $0.01910
Final Target: $0.01780
Stop Loss: Above $0.02135
Trade Setup:
A short entry within the $0.02060 – $0.02090 range offers a tactical opportunity to ride a possible correction. Risk should be defined with a stop loss above $0.02135, just beyond the lower high zone. The first support to monitor lies at $0.01910, with a potential final move toward $0.01780 if bearish pressure sustains.
Strategy Notes:
• Watch for rejection wicks or volume spikes during the retest to confirm seller strength
• Consider booking partial profits near $0.01910
• Trail stop-loss to breakeven after the first target is reached
• Exit early if bullish momentum returns above $0.02135
This trade setup targets a likely fade from overbought conditions after a parabolic move, aligning with short-term mean reversion behavior.