The $APE chart is screaming for a downturn, with its RSI plummeting to 28.2.
$APE - SHORT🔴
Entry: 0.1472
SL: 0.1575
TP1: 0.1421
TP2: 0.1369
TP3: 0.1317
The trend structure suggests a strong bearish bias, with 80% confidence, as the EMA20 and EMA50 are both above the current price, indicating a higher-timeframe downtrend. The alignment of these indicators with the current price action adds to the conviction of this short setup.
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$APE - SHORT🔴
Entry: 0.1472
SL: 0.1575
TP1: 0.1421
TP2: 0.1369
TP3: 0.1317
The trend structure suggests a strong bearish bias, with 80% confidence, as the EMA20 and EMA50 are both above the current price, indicating a higher-timeframe downtrend. The alignment of these indicators with the current price action adds to the conviction of this short setup.
Are you already in this trade, or are you waiting for further confirmation?
Click here to Trade 👇