Short
AKRO Flashes Two Bearish Signals On The Daily Chart
AKRO flashed bearish trade signals in two consecutive days.
1️⃣ Yesterday, we saw a bearish Ichimoku signal — known for its high reliability. The signal indicated a profit potential of ~30%.
2️⃣ Today, AKRO added a bearish MACD crossover on the daily chart. Moreover, based on backtests, the MACD on the 1D charts shows excellent win rates — even for profits above 10%.
Therefore, a short position seems plausible.
When looking at the chart, two options stand out:
AKRO currently trades at 0.005, up 3%. The token has two support lines, at 0.0045 and 0.0034. The lower support line corresponds to the 30% profit potential.
Option 1️⃣: Wait with an entry until the price breaks below support at 0.0045 and open a short towards 0.0034. This is the safer approach, but it yields fewer profits.
Option 2️⃣: Open a short right now and set a first take profit at 0.0045. Based on the current market, this seems more risky.
1️⃣ Yesterday, we saw a bearish Ichimoku signal — known for its high reliability. The signal indicated a profit potential of ~30%.
2️⃣ Today, AKRO added a bearish MACD crossover on the daily chart. Moreover, based on backtests, the MACD on the 1D charts shows excellent win rates — even for profits above 10%.
Therefore, a short position seems plausible.
When looking at the chart, two options stand out:
AKRO currently trades at 0.005, up 3%. The token has two support lines, at 0.0045 and 0.0034. The lower support line corresponds to the 30% profit potential.
Option 1️⃣: Wait with an entry until the price breaks below support at 0.0045 and open a short towards 0.0034. This is the safer approach, but it yields fewer profits.
Option 2️⃣: Open a short right now and set a first take profit at 0.0045. Based on the current market, this seems more risky.
I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com
🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.