$APR +87% in 24h. Is it just me or does this look like exhaustion at the top? ๐
After climbing from 0.02251 to 0.04903 in 34 hours (+87% on the day), momentum is showing signs of exhaustion.
The break above 0.044 was tiny (11.4%) and APR got rejected from 0.04903 straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.02563, the low of the earlier $APR pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.04903 I'm out of this idea.
๐ My APR trade: short from 0.04783, stop at 0.05893, target 0.02563 (+46.4%, 1:2)
๐ 24h Vol: $128M | 24h Chg: +86.6% | Funding: +0.0375%
Top or just a pause? What do you think? ๐
Follow for daily chart breakdowns ๐
Just my view, not financial advice.
#APR #Crypto #Trade
After climbing from 0.02251 to 0.04903 in 34 hours (+87% on the day), momentum is showing signs of exhaustion.
The break above 0.044 was tiny (11.4%) and APR got rejected from 0.04903 straight away. That's not strength, that's buyers running out of steam.
My eyes are on 0.02563, the low of the earlier $APR pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.04903 I'm out of this idea.
๐ My APR trade: short from 0.04783, stop at 0.05893, target 0.02563 (+46.4%, 1:2)
๐ 24h Vol: $128M | 24h Chg: +86.6% | Funding: +0.0375%
Top or just a pause? What do you think? ๐
Follow for daily chart breakdowns ๐
Just my view, not financial advice.
#APR #Crypto #Trade