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

$APE Funding fee -0.36%, very high sell pressure risk, but the 1H RSI jumps to 90, buying volume seems to be cut off, 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 a stop loss at 0.1134, initial target at 0.1729, after reaching it, look at 0.1928. After reaching, reduce positions and raise the stop loss to protect capital.
Depth logic: The 4H MACD is still in expansion phase, but the upper shadow on the 1H chart often appears, the buying desire to chase high prices decreases; negative funding accumulates many sell positions, as the correction accelerates, closing sell positions will strengthen the decline, but below about 0.13 is the middle line of the 4H Bollinger band and the previous consolidation area, which has quite strong support. Overall, buying on the left side is safer than following the uptrend, with a profit-loss ratio of about 1:3.
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