$APE /USDT – Trend Collapse Confirmed, No Support in Sight 🐒💀
$APE is trading at $0.7074, decisively broken below the $0.7380 support shelf, which has now flipped into confirmed resistance.
The asset is now trending in a falling channel, with no meaningful structure beneath until the $0.6720 level. Sellers are in full control, and every bounce is being sold into.
📊 Technical Thesis: Momentum has collapsed. RSI is anchored in bearish territory, and volume profile shows a vacuum zone below — meaning price is sliding through thin liquidity with minimal friction.
Resistance: $0.7380 (flipped)
Support: $0.6720
🚨 Short Trade Setup:
• Entry Zone: $0.712 – $0.728
• 🎯 TP1: $0.6720
• 🎯 TP2: $0.6450
• 🎯 TP3: $0.6085
• ❌ Stop Loss: $0.7450
💡 Pro Tip: Let price retest $0.728 with weak bounce behavior and low volume — ideal confirmation for short entries. If APE breaks $0.672 cleanly, expect a sharp flush to deeper inefficiencies.