🚨 AKE is in free fall! Down 19.8% in 24H, then another 8.1% in 1 hour—longs keep getting hammered!
But here’s the interesting part: OI is down just 0.6%, while retail bearish sentiment over the past 24 hours has reached 1.8×; there were 53 mentions in 4 hours and 0 KOLs. The market is still debating whether an oversold bounce is coming, and some are even calling it a straight-up scam project.
📊 What does this mean? Some are afraid of missing the dip-buying opportunity, while others worry a rebound won’t have enough volume. The most dangerous thing isn’t getting the direction wrong—it’s thinking you’ve found a bargain, only to catch it halfway down.
My take: the structure is still bearish, so I’m not catching this falling knife yet. A recovery is only possible if a rebound comes with rising volume and sentiment shifts from divided to united; if the sharp drops continue and rebounds lack volume, watch out for longs turning into exit liquidity.
Will AKE bounce from oversold territory next, or keep making new lows? 👇
#oversoldbounce #scamwarning