Is $APE ‌ finally finding a floor or is this just another trap for the bulls?


The 1D chart shows a pretty brutal downtrend since early February, but we’re starting to see a bit of a cluster here around 0.0950. It’s sitting right on that 0.0919 support level we saw recently. If it breaks that, there isn't much to stop it from dipping even lower.
Volume is quite thin at only 1.5M USDT, so don't expect any massive swings without a sudden injection of cash. The candles are getting smaller, which usually means the selling pressure is cooling off, but we still haven't seen a strong reversal candle.
Interestingly, the order book is stacked heavily on the bid side at 70%. It looks like people are trying to build positions here, but without volume, it's just a waiting game. I’d be looking for a break above 0.1096 to get excited about any real move upward.
Are you guys buying this bottom or waiting for more blood?

#GateBlueLobsters
APE0,02%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin