$APR I was checking Capricorn after that 40% bloodbath and the chart basically screamed “don’t be a hero yet.”
Price got absolutely wrecked from 0.044 down to 0.02279, sitting right near the all-time low while still under MA7, Supertrend, and every higher average. Open interest climbed hard during the dump (shorts clearly got aggressive), and the long/short ratio is still messy.
A bounce is possible from these levels, but right now it’s just a sharp downtrend catching its breath. No clean reclaim of 0.028–0.030, no structure flip.
Watching for either a clean hold above 0.027 with rising volume or another rejection toward the lows. Until one of those happens, I’m just a spectator.
Price got absolutely wrecked from 0.044 down to 0.02279, sitting right near the all-time low while still under MA7, Supertrend, and every higher average. Open interest climbed hard during the dump (shorts clearly got aggressive), and the long/short ratio is still messy.
A bounce is possible from these levels, but right now it’s just a sharp downtrend catching its breath. No clean reclaim of 0.028–0.030, no structure flip.
Watching for either a clean hold above 0.027 with rising volume or another rejection toward the lows. Until one of those happens, I’m just a spectator.