APEUSDT ! Price is going down to support. Where is the entry?🤠
APEUSDT earlier forms the price exit from the range of 5.500-4.150. The price breaks through the resistance of the range and rolls back to its upper boundary, after testing and false breakdown we see a strong momentum.
Formation of an ascending price channel: we can see on the chart how the price clearly feels the borders of the channel. The trend is upward, at this point it is worth looking for an entry point to buy.
Local situation: a corrective movement is formed. A local downward resistance has been formed. The price is testing the resistance and there is a possible chance that it may be broken through. Or the second scenario: the expected growth from the support of the global price channel. Short-term target: 7.4800. The medium-term target is the resistance of 8.300.
Regards to R. Linda!
Formation of an ascending price channel: we can see on the chart how the price clearly feels the borders of the channel. The trend is upward, at this point it is worth looking for an entry point to buy.
Local situation: a corrective movement is formed. A local downward resistance has been formed. The price is testing the resistance and there is a possible chance that it may be broken through. Or the second scenario: the expected growth from the support of the global price channel. Short-term target: 7.4800. The medium-term target is the resistance of 8.300.
Regards to R. Linda!
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