APE's J value has hit 99, and the so-called 'bullish news' is just a smokescreen for high-level distribution.
$APE
4-hour:
The upper Bollinger Band is right above us at 0.1815, with prices tightly hugging the band, indicating we're at the end of a strong trend. The KD's J value has surged to 99.0969, marking extreme overbought conditions—this is a historical sell signal; the MACD golden cross is barely at 0.0014, showing severe exhaustion in momentum—volume and price are seriously diverging. The price action has formed an M-top pattern, with the right shoulder significantly lower than the left shoulder—bulls are losing steam.
Aggressive traders: go short around the current price of 0.19, add to position around 0.23.
Conservative traders: place orders around 0.22.
Targets: first target at 0.158, second target around 0.1.
(Blindly following trades carries risks; for specific take profit and stop loss prices, follow me👉操盘手星星 to check my homepage for real-time volume info.) #广场 #APE
$APE
4-hour:
The upper Bollinger Band is right above us at 0.1815, with prices tightly hugging the band, indicating we're at the end of a strong trend. The KD's J value has surged to 99.0969, marking extreme overbought conditions—this is a historical sell signal; the MACD golden cross is barely at 0.0014, showing severe exhaustion in momentum—volume and price are seriously diverging. The price action has formed an M-top pattern, with the right shoulder significantly lower than the left shoulder—bulls are losing steam.
Aggressive traders: go short around the current price of 0.19, add to position around 0.23.
Conservative traders: place orders around 0.22.
Targets: first target at 0.158, second target around 0.1.
(Blindly following trades carries risks; for specific take profit and stop loss prices, follow me👉操盘手星星 to check my homepage for real-time volume info.) #广场 #APE