💎 $APE [4H] Analysis

Bias: BEARISH (Correction Incoming 🩸)

👀 Setup: Descending Trendline + Consolidation Range + Break of Structure (BOS) + Equal Lows (EQL) + Equal Highs (EQH)

🎯 Key Levels:

🧱 Res: 0.2300-0.2320 (PDH) | Diagonal Trendline Resistance

🛡️ Sup: 0.2180-0.2200 | 0.2150 (PDL)

🧠 The Alpha:

$APE 4H chart showing clear bearish structure. Price is chopping below a strong diagonal resistance, currently testing a critical horizontal support zone around $0.218-$0.22. A recent BOS confirms bearish momentum. Liquidity sits above EQH at $0.225 and below EQL at $0.218. Watch for a reclaim of the diagonal or a breakdown of current support.

⚡️ Triggers:

🐂 Bull: Reclaim diagonal trendline & flip $0.232 PDH -> Send it to $0.24+. 📈

🐻 Bear: Lose $0.218 support & nuke below $0.215 PDL -> Flush to $0.20. 📉

No guarantees. NFA. DYOR. 🫡

#APE #Crypto #Trading #PriceAction