APE/USDT Keep an Eye on the Key Support area, Bounce or Broke ??
Updated
💎 APE's market performance has recently been the center of attention. Presently, APE is experiencing a downward trend toward a critical support area, entering another phase of retesting after previously creating a Bullish Trap.
💎 For the bullish trend to continue, APE must demonstrate a strong bounce off this support level. Achieving this would enable APE to attempt a breakthrough of the 1.53 resistance level. A successful breach of this resistance could pave the way for a smooth upward trajectory, potentially reaching the targeted bearish OB area.
💎 However, should APE fail to rebound during this retesting phase at the support level, it could spell trouble. Such a failure to hold the support level would indicate a loss of bullish momentum, potentially leading to a shift back into bearish territory.
💎 Under these circumstances, the next significant level to watch would be the strong support area. A breach of this level would confirm a bearish trend, potentially leading to further declines in APE's market value.
💎 For the bullish trend to continue, APE must demonstrate a strong bounce off this support level. Achieving this would enable APE to attempt a breakthrough of the 1.53 resistance level. A successful breach of this resistance could pave the way for a smooth upward trajectory, potentially reaching the targeted bearish OB area.
💎 However, should APE fail to rebound during this retesting phase at the support level, it could spell trouble. Such a failure to hold the support level would indicate a loss of bullish momentum, potentially leading to a shift back into bearish territory.
💎 Under these circumstances, the next significant level to watch would be the strong support area. A breach of this level would confirm a bearish trend, potentially leading to further declines in APE's market value.
Trade closed: target reached
#APE’s 93.70% rise? Called it!
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.