I wouldn’t be comfortable shorting $APR here. 👀
I looked at the higher-timeframe structure, and $APR has just broken out of a long accumulation range with a massive weekly candle.
The key thing now is that there’s still room toward the previous major high around $0.75.
If momentum stays strong and APR holds above $0.50, I’m watching:
$0.63 → $0.75 → $0.80
I’d expect a deeper reversal only if the breakout starts failing and price loses the $0.50 area decisively.
For now, shorting directly into this breakout looks risky.
Let the chart show weakness before looking for shorts.
$APR could surprise the market again. 🔥
I looked at the higher-timeframe structure, and $APR has just broken out of a long accumulation range with a massive weekly candle.
The key thing now is that there’s still room toward the previous major high around $0.75.
If momentum stays strong and APR holds above $0.50, I’m watching:
$0.63 → $0.75 → $0.80
I’d expect a deeper reversal only if the breakout starts failing and price loses the $0.50 area decisively.
For now, shorting directly into this breakout looks risky.
Let the chart show weakness before looking for shorts.
$APR could surprise the market again. 🔥