🚨 APR has plunged over the past 24 hours! Losses have widened to -28.4%, making it the biggest loser again, with 8 consecutive down days and a cumulative drop of over 42%!
But here’s what’s really strange: prices keep sliding, yet OI is up 0.7%; open interest over the past 15 minutes also rose 9.47%, reaching $4.93 million. Retail bearish sentiment over the past 24 hours has surged to 11.8×, with nearly everyone in the discussion forums calling for a drop.
📊 What does this mean? Short positions are getting crowded, but dip-buyers are also testing the waters. You might think you’re buying at a bargain, but you could just be catching the next wave of selling; if a rebound suddenly kicks in, short sellers could get squeezed instead.
🎯 Key levels:
Support: $0.0726
Watch zone: $0.0784–$0.0792
Upside reference: $0.0921
A rebound is only confirmed if price holds above the previous low and climbs back into the watch zone.
My take: The trend is clearly bearish—don’t blindly buy the dip! If $0.0726 breaks, watch out for panic selling to continue; only consider an oversold bounce if price reclaims $0.0792 on strong volume.
Do you think APR will hold $0.0726 next, or keep breaking lower? 👇
#APR #oversold Bears fighting for a rebound
But here’s what’s really strange: prices keep sliding, yet OI is up 0.7%; open interest over the past 15 minutes also rose 9.47%, reaching $4.93 million. Retail bearish sentiment over the past 24 hours has surged to 11.8×, with nearly everyone in the discussion forums calling for a drop.
📊 What does this mean? Short positions are getting crowded, but dip-buyers are also testing the waters. You might think you’re buying at a bargain, but you could just be catching the next wave of selling; if a rebound suddenly kicks in, short sellers could get squeezed instead.
🎯 Key levels:
Support: $0.0726
Watch zone: $0.0784–$0.0792
Upside reference: $0.0921
A rebound is only confirmed if price holds above the previous low and climbs back into the watch zone.
My take: The trend is clearly bearish—don’t blindly buy the dip! If $0.0726 breaks, watch out for panic selling to continue; only consider an oversold bounce if price reclaims $0.0792 on strong volume.
Do you think APR will hold $0.0726 next, or keep breaking lower? 👇
#APR #oversold Bears fighting for a rebound