đ¨ Important Signal Alert đ¨
We're seeing strong bearish indicators on the daily chart for the APE/USDT pair. A classic Head and Shoulders pattern has emergedâa well-known signal of a potential bearish reversal in technical analysis. Additionally, the Relative Strength Index (RSI) is displaying a bearish divergence, signaling weakening momentum.
Crucially, APE/USDT has broken through a key support level, further confirming the likelihood of a downtrend. These combined factorsâHead and Shoulders formation, RSI divergence, and the support breakdownâstrongly suggest further downside movement in the near term.
Trade Setup (SHORT)
đ Entry: 0.725 or Market Price
đŻ Take Profit Targets:
- 1st TP: 0.645
- 2nd TP: 0.570
- 3rd TP: 0.545
- 4th TP: 0.540
đĄď¸ Stop Loss: 0.805
âď¸ Leverage: 5x to 10x
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