๐จ SHORT SIGNAL: $APE /USDT (4H) โ Bearish Divergence in Play! ๐จ
๐ Current Price: $0.73
๐ Market Cap: $583.29M
๐ Change: 1H: -0.39% | 24H: +6.00%
๐ Bearish Divergence Breakdown:
1. The price formed a higher high, but RSI is showing a lower high โ a classic bearish divergence, signaling momentum loss.
2. MACD is losing steam, and the previous ascending trendline was broken & retested, confirming potential downside movement.
3.If buyers fail to reclaim $0.74, expect a stronger pullback.
๐ฏ Targets for the Short:
โ
TP1: $0.671 โ First major support zone.
โ
TP2: $0.601 โ Stronger retracement level.
๐ Stop Loss: Above the recent high at $0.765 โ Keeping risk managed!
โ ๏ธ Watch for Confirmation:
If price breaks below $0.70 with volume, downtrend accelerates.APE could retest Fib 0.618 ($0.68) before the next leg down.
๐ก Final Thought:
Shorts are high-risk, high-reward โ but the bearish divergence doesn't lie. If volume stays low & price hesitates at resistance, expect a decent drop. Keep stops tight and stay sharp! ๐ฅ๐
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