🚨 Red alert, traders! Don't take your eyes off $APE/USDT, because things are getting interesting, and the manipulation is palpable! 📉
Currently trading at $0.5972, APE has had a tough day, with a drop of 11.98%. Watch out! The maximum in 24h was $0.6878 and the minimum was $0.5931. It seems we are looking for a key support after a significant downward movement.
The moving averages give us clues: the MA(7) is at $0.5987 and the MA(25) is at $0.6043. We are trading below them, which confirms the selling pressure! The volume in 24h is 8.77M in APE and 5.55M in USDT, which is significant on a day of retracement.
But here comes the key part: the manipulation in the order book! The demand is at 27.71%, while the supply is at 72.29%! This is a clear signal that there are big players pushing the price down, creating panic to buy cheaper. Don't fall into the trap!
If $APE fails to recover the $0.60, we could see a continuation of the drop, looking for lower supports. However, if it manages to hold and we see a surge in buying volume, we could be facing a good accumulation zone before a possible bounce. Patience will be your best ally!
Remember, the market gives nothing away and manipulation is a constant. HODL wisely and manage your risk!
