$APR 's personal opinion: Short-term bullish, but don't chase the highs; be wary of profit-taking on good news!
In short:
The current APR price is 0.32213 USDT, up 16.93% in the last 24 hours, which looks strong on the surface, but there are hidden dangers! Although the price has risen above the Bollinger Band middle line at 0.31417, it is being suppressed by the key short-term moving average EMA7 (0.31910), and hasn't even broken through the previous high of 0.32998, making it a suspended rise. More worrying is the OBV (On-Balance Volume) indicator at -183 million (negative and far below the moving average), indicating that large funds are exiting, and the volume and price are severely divergent—this rise is somewhat "bloated"!
Key levels to watch:
- Resistance levels: 0.32998 (previous high), 0.32947 (Upper Bollinger Band)
- Support levels: 0.31417 (Middle Bollinger Band), 0.29887 (Lower Bollinger Band)
Trading suggestions:
If you want to enter the market, wait for a pullback to 0.31417. If it holds, then consider a small long position with a target around 0.32998. If it breaks through the previous high aggressively, you can add a small position, but don't exceed 10% of your capital. Do not aggressively buy at the current price; such a sharp rise with volume-price divergence is prone to a sharp drop. A stop-loss order must be placed if it falls below 0.29887.
(Note: The positive news of "Binance launching APR" may have already been priced in. Be wary of major players using this news to unload their holdings.)
$APR
