🐳 $APR Chip-distribution quick take:
Trading value was 4.6 times the 20-day average → a large volume of shares changed hands near the six-month low.
A high-volume break below the previous low of 0.03804 is usually interpreted in one of two ways: large investors are substantially reducing their positions (bearish), or stop-loss orders are pouring out all at once while large investors buy at the lows (possibly a period of capitulation). To tell the difference, watch whether the price climbs back above the previous low.
#APR
Trading value was 4.6 times the 20-day average → a large volume of shares changed hands near the six-month low.
A high-volume break below the previous low of 0.03804 is usually interpreted in one of two ways: large investors are substantially reducing their positions (bearish), or stop-loss orders are pouring out all at once while large investors buy at the lows (possibly a period of capitulation). To tell the difference, watch whether the price climbs back above the previous low.
#APR