$APE Signal】More buy corrections, wait for the pullback depth


$APE Funding fee -0.36%, very high sell pressure risk, but 1H RSI jumps to 90, buying volume appears disconnected, price far from the upper Bollinger band, short-term correction needs are very strong. In extreme market conditions like this, profit-loss ratios following the trend are very poor, it’s better to be patient and wait for the pullback depth.
Wait for a pullback around 0.1333 to enter a buy position, place stop loss at 0.1134, initial target at 0.1729, after reaching it, look at 0.1928. After reaching, reduce position and raise stop loss to protect capital.
Depth logic: MACD 4H is still in expansion phase, but upper shadows often appear on the 1H chart, the desire to buy to chase high prices decreases; negative funding accumulates many sell positions, as the correction accelerates, closing sell positions will reinforce the decline, but below about 0.13 is the middle line of the 4H Bollinger band and the previous consolidation area, with strong support. Overall, buying on the left side is safer than following the uptrend, profit-loss ratio around 1:3.
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APE57,91%
BTC0,15%
ETH0,3%
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