🐻
$APE is still stuck in an unclear area, slight bearish inclination
Trading volume has been weak – there haven't been any major spikes recently, just average levels. When the price tests support, there is no real buying volume backing it, so any rebound seems weak.
Money flows often indicate a bearish story: significant outflows from derivatives over the last 6/8 hours (-151k) especially over the last 7 days (-1.2M+). Spot market flows aren't much better – net negative over 3/5/7 days. In the short term, there is some buying here and there (30-minute/1-hour flows), but it's not enough to change the picture.
My assessment for
$APE : cautiously bearish – looking for a selling opportunity if a downward break occurs.
Best entry point: If the price breaks support at 0.1929 with a slight increase in volume.
Or, if the price manages to rise towards resistance at 0.2136 but volume remains low and weak, this could also be a good place to enter a sell.
Stop loss: around 0.1980 if entering near support (gives a little room), or 0.2180 if shorting at resistance.
Targets: the first target at support S2 0.1821, then the next support at 0.1722 if the drop continues.
This trade relies on waiting for confirmation – there’s no benefit in forcing a trade within this range. Are we waiting for a breakout or hoping for a sudden spike?
#APE #APEUSDT #ApeCoin