Everyone's watching $BTC's consolidation, but $APR is quietly coiling to reclaim the $0.50 resistance level.
$APR - LONG
Entry: 0.5007 – 0.49
SL: 0.42
TP1: 0.55
TP2: 0.58
TP3: 0.62
Why this setup?
* 15m RSI is at 71, indicating a slight overbought condition, but the 1H ATR suggests increasing volatility
* The 4H chart shows a bullish divergence, with price making higher lows
* My read is that the bias confidence is high for a breakout above $0.50, given the lunchtime lull is over
Debate: Are you fading the breakout above $0.50 or riding the squeeze to $0.62?
$APR
$APR - LONG
Entry: 0.5007 – 0.49
SL: 0.42
TP1: 0.55
TP2: 0.58
TP3: 0.62
Why this setup?
* 15m RSI is at 71, indicating a slight overbought condition, but the 1H ATR suggests increasing volatility
* The 4H chart shows a bullish divergence, with price making higher lows
* My read is that the bias confidence is high for a breakout above $0.50, given the lunchtime lull is over
Debate: Are you fading the breakout above $0.50 or riding the squeeze to $0.62?
$APR