🚨 $APE Clear downtrend – price is consolidating near the lows right now.
*Volume Check: Recent candles show big volume on the way down (like 75.3M at 0.1953), but bounces are on super low volume. The latest candle? Barely 32K volume – classic indecision at the bottom.
**lCapital Flow: Consistent outflows everywhere – spot and contracts, all timeframes. Last 24h: -313K USDT in contracts, -49K in spot. Sellers are still in full control, buyers are nowhere to be seen.
*My Take $APE : Short bias, but trade it carefully!
- Entry: Around current levels (~0.1939) or wait for a small bounce to ~0.2000 (MA5 acting as resistance). Trend is strongly bearish, but we're oversold, so don’t go full size.
- Stop-Loss: 0.2099 (R1 resistance) or roughly ~0.1997 if you enter at 0.1939.
- Targets:
- First: 0.1875 (S1 support)
- Stretch: 0.1769 (next support)
