📊#APE has unfinished short targets ❌not recommended to go long❌

🔔My analysis of APE yesterday is a big cycle level, the smiley face structure is just a kind of expectation, does not mean that it will happen, of course, if the formation of this smiley face structure, then I am still very happy, then I will be positive bullish, but not now.❌

Why is that❓
🧠Because we are currently in the target area of the double bottom structure, the action that everyone will do in the target area is to reduce or close the position, since everyone is selling, then the price will naturally fall.📉

🧠And looking at the structure, the target area has formed a double top structure, and the inflection point 1 has been broken, so we have reason to think that it will continue to decline. And the decline is also fully in line with my big cycle analysis of APE yesterday, because I expect such a pullback to happen, only a healthy pullback can form a smiley structure ah.🙏

Let's see👀

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Comment:

📊#APE forms new bullish structure, cautiously short⚠️

🧠We reminded you yesterday that there was a rebound after reducing positions near the long defense point, and it rose all the way through the inflection point and the short defense point, which means that the short structure has been destroyed, then it will be actively bullish.📈

➡️If the bull defense point is broken, then this analysis is invalid❌

Let's see👀

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