🚀APE JUST SHOWED ITS WEAK ASS – SHORT SETUP LOADING
◾What the Chart Shows
On the 1H timeframe, APE has reached a major resistance zone around $0.148–$0.150 and is clearly showing signs of exhaustion. Price has tested this area multiple times but keeps getting rejected. Recent candles look distributive on volume, and RSI is sitting in neutral territory without confirming any further upside.
◾Trading Setup
Clean short opportunity with excellent risk/reward:
➖Entry: ~$0.1485
➖Stop Loss: $0.1533
➖Take Profit: $0.1290
➖R:R ≈ 1:4.1
◾My View
I’m watching this zone very closely and seriously considering a short. After a strong run and several failed breakout attempts, it feels like the buyers are running out of steam.
◾How I’m Trading It
Been monitoring APE while preparing my entry through
@STONfi DEX . I’ve been using it daily as my main DEX — swaps are instant, fees are minimal, and the liquidity is solid enough that I can open and close positions cleanly even on volatile moves without heavy slippage.
Bias: Cautiously bearish. Waiting for confirmation of a downside break.
You seeing a short on APE too or still leaning long? Drop your levels and thoughts below 👇
$APE #APE #altcoins #crypto #TrendingTopic