Contrary to the first scenario where I suggest a new all time low, this might be what BINANCE:APEUSDT is up to. We might just be on the journey of completing the last leg down of wave Y of wave 2-yellow and then the outburst follows.
If you see this scenario as more likely, then it is ok to hold your APE or reenter at $1.562 - 1.330 region and set stop loss at the invalidation level which is the previous low or all time low.
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The retracement came in handy. Unlike the other scenario where I expect BINANCE:APEUSDT to make a new ALL TIME LOW, I expect APE to begin it full BULLRUN journey from here. Goodluck if you've aped in.
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this scenario is ruled out coz it has been invalidated. Now the problem is not that we might not see a spike up from this current price the problem is if this scenario is corrective we won't be seeing that %6 instead it will be $4 max.
However, this scenario is now more appealing as we will be seeing more down on BINANCE:APEUSDT and the next DCA point is $0.7 - 0.47