$APE Trap or Spike ?
Following a sharp rally on the 4H chart, there was clear selling pressure from the upper region. The price retreated to the 0.156 range, and the initial momentum appears to have faded for now.
As long as it remains below 0.1799, selling pressure may continue. If 0.1449 is lost, lower support levels could be retested.
Support: 0.1449 / 0.1099
Resistance-Target: 0.1799 / 0.2399
Funding (8H): -0.11964%
RSI: 57.77
Negative funding indicates that short pressure is continuing. If this pressure persists, volatility will increase.
NFA. Do you think this pullback is over, or is another leg coming?
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