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ProjectSyndicate
Oct 28, 2022 10:11 AM

APEUSD 8H: 50%+ CORRECTION WARNING(SL/TP)(NEW)ย Short

ApeCoin / USDFTX

Description

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APEUSD 8H: 50%+ CORRECTION WARNING(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


๐Ÿ”ธ Summary and potential trade setup
::: APEUSD 8hour chart review
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: SYMM Triangle setup / BEARS
::: aggressive FED rate hikes guaranteed now
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: SHORT from range highs
::: final TP BEARS is 2.00/2.20 usd
::: 60-65% correction possible next
::: 4-8 weeks in November/December 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: final PUMP possible into FED to trap BULLS
::: recommended strategy: SHORT SELL RIPS/ RALLIES
::: TP BEARS is +65% gains - near 2.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
๐Ÿ”ธ Supply/Demand Zones
::: N/A
::: N/A
๐Ÿ”ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/65%
::: Sentiment short-term: BULLS/FAKE FINAL PUMP

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

Comment

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ETHUSD D1: 50% gains XABCD best level SHORT IT(SL/TP)(NEW)

Comment

โ‹…
game over for Boring Scam Club, wow.
Comments
P_S_trade
โ‹…
Possible scenario, agree with you
ProjectSyndicate
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@P_S_trade, great
TheTradersAvenue
โ‹…
very good scenario. Thanks for sharing.
ProjectSyndicate
โ‹…
@TradingAxis, ok perfect
VasilyTrader
โ‹…
I guess we have a similar view on that. Well done!
ProjectSyndicate
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@VasilyTrader, perfect!
UnitedSignals
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I enjoy it:)
ProjectSyndicate
โ‹…
Solldy
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Thank you for posting this idea. Maybe these factors won't affect it now, but I think they will definitely affect the price movement.
ProjectSyndicate
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