We agreed on a drop point on the phone, but $APE dropped most of the positive column.
Yesterday, the short-selling prediction was $1.45, but it ended up at $1.25. This is a ruthless move.
The "main reasons" for this price drop include:
1. Technical pullback: After the price of $APE rose rapidly, the market faced profit-taking pressure as the relative strength index (RSI) entered the overbought area and exceeded 86. As the market adjusted, the price fell in the short term.
2. Market sentiment weakened: Discussions on social media showed that although the launch of ApeChain brought a short-term heat, market sentiment cooled down as the project craze subsided.
You can refer to the latest contract operation layout:
1. Long strategy: Contract investors can open long orders when the price pulls back to around $1.30, with the target price set at $1.50-$1.60. It is recommended to use low leverage to control risks and set a stop loss at $1.20.
2. Short-selling strategy: If APE fails to break through $1.50 in the short term and market sentiment remains weak, consider shorting with a target price of $1.20-$1.25. This strategy is suitable for short-term traders to capture short-term decline opportunities in market fluctuations.
Buffiniu Crypto $APE The public points are for reference only. For other currency point inquiries and analysis, it is recommended to have a deep understanding of Buffiniu Crypto, use information and data to predict the market, and make decisions faster. Buffiniu takes you through the currency circle, overcoming obstacles and riding the wind and waves! Make friends with time!