Price is stuck under the EMAs on $APR USDT. I am looking at $0.22213, up 9%. But the 20, 50, and 200 EMAs are all bunched together near $0.226. That tells me direction is not clear yet.

APRUSDT

Perp.

0.2207

-2.31%

I see a clean short setup if price fails to break above $0.226. The recent high is $0.23708. That is where buyers got trapped. I believe sellers will push price down to grab liquidity below the low at $0.19451.

My plan is a short entry at $0.226. I will set my stop loss at $0.237, just above the recent high. My first take profit is $0.215. My second take profit is $0.204. Entry to TP2 is $0.022. Entry to SL is $0.011. That is exactly 1:2 risk to reward.

If price closes above $0.237, I will leave this trade alone.