$APT is experiencing a weak rebound in a long-term downtrend, with prices capped below EMA20 (0.9868), and the overall structure remains bearish.
🎯 Direction: Stay in cash
Market analysis: The price on the 4H level is weakly oscillating around 0.95, with the rebound highs gradually decreasing (0.9618 -> 0.9607 -> 0.9597). Although the funding rate is negative (-0.0336%), the open interest (OI) trend is stable, and there is no signal of a sustained rise in OI needed for a short squeeze, with bearish pressure still prevailing.
Logic hardcore: Deep imbalance data shows that sell orders (Asks) far exceed buy orders (Bids), with an imbalance reaching 13.15%, indicating heavy selling pressure above. The RSI (34.53) is not oversold, but the price is unable to break above the key EMA20 resistance, and the buy/sell ratio remains below 0.5, indicating a lack of active buying in the market.
The current price is in a no-value zone between the previous low (0.9224) and EMA20, serving neither as effective support nor as a breakout resistance. Any rebound is viewed as a continuation of the downtrend until the price effectively breaks above EMA20 with an accompanying increase in OI (capital inflow). Core risk control: Insufficient win rate, it's better to stay in cash and wait for clearer right-side signals or a rebound structure after deep overselling.
Trade here 👇$APT
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