Ape is wildly over extended and I am entering an intraday scalp position.
From our last local floor we've seen a 45% pump to the upside, but our momentum indicators are thinning!
Our RSI is now underneath our SMA line, meaning we will most likely find resistance moving forward from here.
We're currently well above our KC on on the 4-hour and have re-entered, a huge sign of a reversal.
I believe we'll retest the 200-day EMA on our 4-hour chart.
we also have a confirmed cross on the 1-hour MACD.
From our last local floor we've seen a 45% pump to the upside, but our momentum indicators are thinning!
Our RSI is now underneath our SMA line, meaning we will most likely find resistance moving forward from here.
We're currently well above our KC on on the 4-hour and have re-entered, a huge sign of a reversal.
I believe we'll retest the 200-day EMA on our 4-hour chart.
we also have a confirmed cross on the 1-hour MACD.
