In a market where money seems there for the taking, I’m deliberately picking a side and giving some back. $APR —this chart structure clearly shows the bears are in control. On the 4-hour chart, price is firmly pinned below all the moving averages. Every bounce looks like it’s just building momentum for another drop. On the daily chart, EMA50 and EMA200 are both hanging overhead, and the bigger trend hasn’t turned around at all. Volume hasn’t given the bulls any confidence either: rebounds come on declining volume, while drops come on rising volume. I’ve seen this pattern plenty of times.
The key level is that cluster of moving averages overhead. As long as price can’t reclaim it and hold, the short thesis remains valid. I’m watching the price structure continue to move lower—not betting on a single candlestick.
🔴 Trade direction: Short
📍 Entry range: 0.0339599 – 0.0341195
🛑 Stop loss: 0.0357657
🎯 Take profit 1: 0.0327453
🎯 Take profit 2: 0.0318823
🎯 Take profit 3: 0.0305878
Gaze upon the vast mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the rises and falls of the world.
#APR
Click below to trade 👇
The key level is that cluster of moving averages overhead. As long as price can’t reclaim it and hold, the short thesis remains valid. I’m watching the price structure continue to move lower—not betting on a single candlestick.
🔴 Trade direction: Short
📍 Entry range: 0.0339599 – 0.0341195
🛑 Stop loss: 0.0357657
🎯 Take profit 1: 0.0327453
🎯 Take profit 2: 0.0318823
🎯 Take profit 3: 0.0305878
Gaze upon the vast mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the rises and falls of the world.
#APR
Click below to trade 👇