UPDATE on $APR
OI has exploded while funding remains elevated at 0.0209%. Long positioning has also dropped sharply as shorts start piling in.
I’m not chasing the move here.
Watching $0.45–$0.46 for a rejection — potential next short.
TP: $0.40
SL: $0.482
Reclaim + hold above $0.46 = bearish thesis invalidated.
#USJulyCPI&PPIDueThisWeek #Signal🚥.
OI has exploded while funding remains elevated at 0.0209%. Long positioning has also dropped sharply as shorts start piling in.
I’m not chasing the move here.
Watching $0.45–$0.46 for a rejection — potential next short.
TP: $0.40
SL: $0.482
Reclaim + hold above $0.46 = bearish thesis invalidated.
#USJulyCPI&PPIDueThisWeek #Signal🚥.