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
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。