APRO recent market trend should be viewed with caution. Those who previously promoted the "bull market initiation" now need to hit the brakes. The latest market data is somewhat unsettling—bullish momentum is clearly weakening, and signs of technical correction are becoming more evident.
Let's look at some key data (as of the analysis time): the price has been repeatedly suppressed within the $0.169 to $0.172 range, unable to break through. Where is the problem? The 21-day EMA, which previously supported the price, has now turned into a resistance wall—each time the price rebounds to this level, it drops sharply like hitting an electric shock. From the RSI indicator, each high is lower than the previous one, clearly indicating: buying strength is waning. Another detail that cannot be ignored: during upward movements, volume shrinks; during declines, volume increases. This divergence between volume and price is not a healthy signal in any market.
Why should we be wary of the "bear trap" saying? $0.17 is not just a technical level; for many who chase the high, it is a psychological barrier. Once it is confirmed to break below, stop-loss orders will flood out, and panic selling may follow. From a structural perspective, if the daily chart cannot hold above $0.172, it means a lower high has formed—the upward trend structure will be broken, possibly shifting to sideways or downward movement. Meanwhile, many of the funds rebounding from the bottom already have unrealized profits; facing this critical resistance, their most realistic choice is to realize gains rather than continue fighting.
If a true breakdown occurs, what could be the possible direction? The first support level to watch is around $0.16.
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BTCWaveRider
· 01-06 19:13
0.17 has been smashed down again. The group that was shouting bullish earlier, why are they silent now?
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GasFeeCrier
· 01-05 13:51
Another position repeatedly tested by technical analysis... The 0.17 level is really quite tough.
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GmGnSleeper
· 01-05 13:42
Talking about the bull market starting again? Wake up, everyone. EMA turning around has become a resistance. Do I need to be more straightforward in pointing out this signal?
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LightningAllInHero
· 01-05 13:38
Starting to talk about technical analysis again, but I see that no one wants this wave. Volume and liquidity say everything.
If it breaks below 0.17, it's time to run. Don't wait for some bearish trap story.
What about the previous hype about the bull market? Doesn't it hurt to get slapped in the face now?
Whether 0.16 can hold depends on the situation. Anyway, I already cleared out that small amount I had in hand.
APRO recent market trend should be viewed with caution. Those who previously promoted the "bull market initiation" now need to hit the brakes. The latest market data is somewhat unsettling—bullish momentum is clearly weakening, and signs of technical correction are becoming more evident.
Let's look at some key data (as of the analysis time): the price has been repeatedly suppressed within the $0.169 to $0.172 range, unable to break through. Where is the problem? The 21-day EMA, which previously supported the price, has now turned into a resistance wall—each time the price rebounds to this level, it drops sharply like hitting an electric shock. From the RSI indicator, each high is lower than the previous one, clearly indicating: buying strength is waning. Another detail that cannot be ignored: during upward movements, volume shrinks; during declines, volume increases. This divergence between volume and price is not a healthy signal in any market.
Why should we be wary of the "bear trap" saying? $0.17 is not just a technical level; for many who chase the high, it is a psychological barrier. Once it is confirmed to break below, stop-loss orders will flood out, and panic selling may follow. From a structural perspective, if the daily chart cannot hold above $0.172, it means a lower high has formed—the upward trend structure will be broken, possibly shifting to sideways or downward movement. Meanwhile, many of the funds rebounding from the bottom already have unrealized profits; facing this critical resistance, their most realistic choice is to realize gains rather than continue fighting.
If a true breakdown occurs, what could be the possible direction? The first support level to watch is around $0.16.