Let's look at $APR USDT. The 4-hour chart paints a clear picture: a massive pump-and-dump from highs near $0.75. Since the peak, the price has been in a steady downtrend, characterized by lower highs and lower lows. The dominant trend is unmistakably bearish.
The 1-hour chart details the most recent leg down. After failing to hold the $0.38-$0.40 support zone, the price broke down further, establishing a new low around $0.348.
Now, focusing on the 15-minute and 5-minute charts, we see the price action after hitting that low. $APRUSDT is currently staging a weak, corrective bounce. This price action is forming a classic bear flag pattern – a small consolidation drifting slightly upwards after a sharp drop. Volume during this bounce is notably lower than during the preceding sell-off, indicating a lack of buying conviction.
Outlook:
The higher timeframe trend is strongly bearish. The current lower timeframe price action is forming a textbook bear flag pattern, which typically resolves to the downside. The path of least resistance remains downwards, with the recent low of $0.348 as the immediate target upon breakdown.
Recommendation:
The technical picture strongly favors sellers.
A SHORT is the high-probability trade, aligning with the dominant downtrend and the current bear flag pattern. Entering near the flag's resistance (around $0.360-$0.362) or waiting for a confirmed breakdown below the flag's support (around $0.355) are viable strategies.A LONG is highly unfavorable and trades directly against the established trend and pattern. Avoid longs unless there is a significant, high-volume break above the recent swing highs (above $0.38+), which would invalidate the current bearish structure.
Shorting the current weak bounce or the subsequent breakdown is the recommended approach.
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