$APA is showing solid momentum following that hammer formation spotted last weekend. Buyers clearly stepped up to protect the 50-day moving average during that dip, which sits right at a critical multi-layer support zone—a level where we've consistently seen demand kick in before.
That hammer was telling: it revealed an attempted breakdown that ultimately failed. Bulls weren't having it. The rejection at support suggests accumulation is happening at these lower prices. If $APA can hold here and build on this recovery, we could be looking at a potential swing higher. The technical setup looks encouraging for bulls aiming to reclaim higher territory.
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OnchainHolmes
· 3h ago
After the hammer candlestick appears, the trend indeed stabilizes, and there is indeed strong buying pressure at the 50-day moving average.
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TradFiRefugee
· 10h ago
The hammer candlestick pattern is solid this time, with a clear accumulation at the bottom.
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RektRecorder
· 10h ago
Hammer candles are back. Will this time truly break the deadlock? It feels like it's always the same every time.
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bridgeOops
· 10h ago
Hammer candles, so what? It still depends on whether it can truly stabilize. Don't be so absolute in your statements.
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GasFeeLady
· 10h ago
ngl that hammer screaming accumulation vibes rn... classic move before the swing. watching the gwei like a hawk but $APA's chart? chef's kiss setup for bulls
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SigmaValidator
· 10h ago
Hammer candlestick is pretty good, looks promising, but it still depends on whether it can hold the 50-day moving average, which is the key.
$APA is showing solid momentum following that hammer formation spotted last weekend. Buyers clearly stepped up to protect the 50-day moving average during that dip, which sits right at a critical multi-layer support zone—a level where we've consistently seen demand kick in before.
That hammer was telling: it revealed an attempted breakdown that ultimately failed. Bulls weren't having it. The rejection at support suggests accumulation is happening at these lower prices. If $APA can hold here and build on this recovery, we could be looking at a potential swing higher. The technical setup looks encouraging for bulls aiming to reclaim higher territory.