APE │ LONG │ 03.11.2023

APEUSDT.P

Comment
Overall, on the chart, we can observe a situation that has been unfolding for the past 10 days, and in my opinion, these 10 days represent an accumulation of energy for a level breakout. Of particular note are the last two days when the instrument closed very close to the level, and during the following day, there was an attempt to push it down, but right before closing, it was pushed back up. This indicates the accumulation of a position, and that's how I see it.

However, the one thing I'm not thrilled about is the absence of a proper consolidation before the actual level breakout. Maybe it will happen today, and for that, I need to keep an eye on it throughout the day.

Nevertheless, I'm placing an order because the instrument closed very close to the level, and it might break it even without the proper consolidation. I don't want to miss this opportunity. I'm prepared to accept a stop-loss since my target is at least 5 to 1.
Signals for level breakout

• bar/candles closure near the level;
  
• bar/candles closure near its high/low;
  
• close retest of the level;
  
• the instrument gradually approaches the level;
  
• accumulation of energy for level breakout;
  
• a good approach to the level;
  
• there is a reserve of calculated ATR;
  
• there is a reserve of technical ATR;
  
• the instrument is not following the market.
  

Signals against breaking the level

• no consolidation before the level;
  

Order parameters (risk-to-reward ratio = 1 to 3/4/5)

1. Open: 1.3960400;
   
2. Stop loss: 1.3858400;
   
3. Take profit:1.4266400 / 1.4368400 / 1.4470400;
   
   Disclaimer
   Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
   
   Follow me and receive high-quality cryptocurrency market analysis!

Trade closed: target reached:

Take profit:1.4266400✅/ 1.4368400❌ / 1.4470400❌