Evening Traders,
Today's analysis = APEUSDT - trading in a strong downtrend where a reversal is probable at the local trade location.
Points to consider,
- Price Action Correction
- Bullish OB Support
- POC Support
- Low Volume
- RSI Extended
APEUSDT's immediate price action is trading towards a key trade location that has technical confluence with a Bullish OB and a POC, allpowing for a bullish bias.
The immediate objective will be a reclaim of the Weekly S/R, this will signify strenght.
The current volume profile is on a decline, an influx is highly imminent on the next expansion.
overall, in my opinion, APEUSDT is a valid long with defined risk, price action is to be used upon discretion/management.
hope this analysis helps
Thank you for following my work
Today's analysis = APEUSDT - trading in a strong downtrend where a reversal is probable at the local trade location.
Points to consider,
- Price Action Correction
- Bullish OB Support
- POC Support
- Low Volume
- RSI Extended
APEUSDT's immediate price action is trading towards a key trade location that has technical confluence with a Bullish OB and a POC, allpowing for a bullish bias.
The immediate objective will be a reclaim of the Weekly S/R, this will signify strenght.
The current volume profile is on a decline, an influx is highly imminent on the next expansion.
overall, in my opinion, APEUSDT is a valid long with defined risk, price action is to be used upon discretion/management.
hope this analysis helps
Thank you for following my work
Free Alpha Group t.me/freetradingden
Contact for Learning t.me/azizkhanzamani
Unlock up-to $8,000 USDT in bonuses, only at MEXC - Link Below to start Trading.
mexc.com/acquisition/custom-sign-up?shareCode=mexc-TradingBTC
Contact for Learning t.me/azizkhanzamani
Unlock up-to $8,000 USDT in bonuses, only at MEXC - Link Below to start Trading.
mexc.com/acquisition/custom-sign-up?shareCode=mexc-TradingBTC
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.
Free Alpha Group t.me/freetradingden
Contact for Learning t.me/azizkhanzamani
Unlock up-to $8,000 USDT in bonuses, only at MEXC - Link Below to start Trading.
mexc.com/acquisition/custom-sign-up?shareCode=mexc-TradingBTC
Contact for Learning t.me/azizkhanzamani
Unlock up-to $8,000 USDT in bonuses, only at MEXC - Link Below to start Trading.
mexc.com/acquisition/custom-sign-up?shareCode=mexc-TradingBTC
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.