【$AKT Signal】1H Triangle Convergence Ending, Awaiting Breakout Direction

$AKT The 1H timeframe is extremely converged within the 0.334-0.336 range, with price tightly hugging the EMA20(0.3352), and trading volume shrinking to a standstill. This is a typical precursor to a trend reversal. The 4H timeframe is building a consolidation platform between 0.33-0.34, with stable open interest and no signs of panic selling. Currently, the price is declining but open interest remains unchanged, indicating that the main force is supporting the market. We are waiting for a volume breakout on the 1H level to determine the direction.

🎯Direction: Watch and Wait(Pending Orders)

⚡Order Strategy:

1. Breakout Long Entry: If the price stabilizes above 0.3365 (Reason: Breaks above the 1H converging triangle’s upper boundary and dense sell orders), it is considered a valid breakout, and a long position can be pursued.

2. Pullback Long Entry: If the price retraces to 0.3325-0.3335 (Reason: Strong support at 4H EMA50 + previous low platform), it is considered a healthy pullback, and a long position can be set up.

🎯Entry/Pending Orders:

- Long Order 1: 0.3368 (Reason: Breakout confirmation level)

- Long Order 2: 0.3330 (Reason: Strong support zone bounce)

🛑Stop Loss: 0.3300 (Reason: Break below the previous low of the 4H platform and EMA50, indicating structural damage)

🚀Target 1: 0.3400 (Reason: Resistance at the previous high on the 4H level)

🚀Target 2: 0.3450 (Reason: 1.618 Fibonacci extension level)

🛡Trade Management:

- Position Size Suggestion: Light position (Reason: The trend is unclear; wait for a breakout or retracement confirmation before acting to reduce trial-and-error costs).

- Execution Strategy: If a breakout order is triggered, reduce position by 50% at Target 1 and move the stop loss to the entry price. If a retracement order is triggered and the price reaches Target 1, similarly move the stop loss to break-even.

Deep Logic: The order book shows buy depth significantly exceeding sell depth (depth imbalance of 21.4%), with a large accumulation of buy orders below 0.333-0.334, forming a solid support wall. The 1H RSI is neutral (50.03), with no overbought or oversold pressure. Funding rate is slightly positive (0.0043%), indicating no short squeeze risk. The key is whether the 1H level can break through the narrow range with volume; once volume increases, volatility will rapidly expand.

View real-time market 👇 $AKT

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL