Weekly failed to make a higher swing high. Daily did.
However candles aren't like a swing failure and look more like engineered liquidity above.
Price currently in discount region with a 4h bullish sfp. Quite promising, but the safer approach would be to wait for the next daily higher low.
One is in a high time frame downtrend channel . We are currently at range high and formed a small deviation.
Weekly structure bearish and we just tapped weekly ob. Break back into the range would be a strong confirmation to either visit midchannel or channel low. >-50%
I already entered short on recent 2h bear structure + bearish breaker retest. SL 0.171 ->...
Ape is rangebound. We had an upside deviation and broke back into range. 4h structure is bearish: low broken + bearish sfp.
4h RSI printed hidden bearish divergence. Also below 4h 55HMA.
Target: Range low, maybe spike into void at 11.4$.
Probably long scalp opportunities at range low.
4h structure is confirmed bearish, IF we reject in red. Currently rangebound at Macro resistance area. Also just tapped into monthly void, which happens to be at a breaker orderblock.
BUT beware of the monthly close. There is still room to squeeze a bit more short term. Even with a push to mid 50's we would be in a bear...