Guys $APR got absolutely RUGGED today.... 💀
Down over 68%, volume exploding, CT full of "dumped very hard" everywhere u look.
Classic fear driven sell off, not some verified fundamental blowup.
the thing.... this wasn't organic selling alone.
Traders openly talking about shorting it with leverage, and that's how a normal correction turns into a full cascade.
Initial dump triggers liquidations, liquidations force more selling, momentum shorts pile on top.
Snowball effect.
No fundamental news behind this, just pure sentiment and leverage doing the damage.
What I'm watching now: Social chatter cooling off Selling volume slowing down Funding rates/open interest to see if shorts are getting unwound A daily close that actually holds
Trend still strongly bearish, but this oversold enough for a bounce attempt.
humpty dumpty…. but even humpty bounces sometimes.
manage ur risk guys.
$HEMI $LINK
what do u think, dead or dip incoming?
#APR #Crypto
Down over 68%, volume exploding, CT full of "dumped very hard" everywhere u look.
Classic fear driven sell off, not some verified fundamental blowup.
the thing.... this wasn't organic selling alone.
Traders openly talking about shorting it with leverage, and that's how a normal correction turns into a full cascade.
Initial dump triggers liquidations, liquidations force more selling, momentum shorts pile on top.
Snowball effect.
No fundamental news behind this, just pure sentiment and leverage doing the damage.
What I'm watching now: Social chatter cooling off Selling volume slowing down Funding rates/open interest to see if shorts are getting unwound A daily close that actually holds
Trend still strongly bearish, but this oversold enough for a bounce attempt.
humpty dumpty…. but even humpty bounces sometimes.
manage ur risk guys.
$HEMI $LINK
what do u think, dead or dip incoming?
#APR #Crypto