📉 $APE Breakdown Confirmed! Time for a Short Position?
I’m monitoring the APE/USDT pair on the 1-hour timeframe; the bullish momentum that briefly pushed the price to 0.1644 appears to have lost its strength.
The latest 1-hour candle confirms a break below the 7-period MA (0.1488) and the 25-period MA (0.1513). Additionally, the Stoch RSI indicator, which is pointing sharply downward, signals that selling pressure is currently dominating the market.
Trade Plan : SELL/SHORT
Entry : 0.1470 - 0.1520
TP 1 : 0.1430
TP 2 : 0.1360
TP 3 : 0.1300
SL : 0.1560
Short Analysis :
1. Trend Reversal: Failure to hold above 0.1510 confirms that the previous pump was merely a liquidity sweep.
2. Invalidation Level: If the 1-hour candle closes above 0.1525 again, this short scenario is considered invalid.
Trade $APE 👇
#CryptoAnalysis #TechnicalAnalysis #TradingPlan
I’m monitoring the APE/USDT pair on the 1-hour timeframe; the bullish momentum that briefly pushed the price to 0.1644 appears to have lost its strength.
The latest 1-hour candle confirms a break below the 7-period MA (0.1488) and the 25-period MA (0.1513). Additionally, the Stoch RSI indicator, which is pointing sharply downward, signals that selling pressure is currently dominating the market.
Trade Plan : SELL/SHORT
Entry : 0.1470 - 0.1520
TP 1 : 0.1430
TP 2 : 0.1360
TP 3 : 0.1300
SL : 0.1560
Short Analysis :
1. Trend Reversal: Failure to hold above 0.1510 confirms that the previous pump was merely a liquidity sweep.
2. Invalidation Level: If the 1-hour candle closes above 0.1525 again, this short scenario is considered invalid.
Trade $APE 👇
#CryptoAnalysis #TechnicalAnalysis #TradingPlan
