Already broke out of a pennant pattern a few days prior.
Journal Entry:
LONG NYSE:APE
Temporary surge in trading volume, accompanied by a retest of the earlier breakout level supported by substantial volume.
Furthermore, the overarching trend has a downward trajectory, and there exists significant potential for a short squeeze.
Remarkably elevated volume during downtrends suggests active accumulation of assets, as evidenced by pronounced lower wicks on these declining candles.
Targeting orderblock for swing trade at $2.9.
TPs before then will be set.
Journal Entry:
LONG NYSE:APE
Temporary surge in trading volume, accompanied by a retest of the earlier breakout level supported by substantial volume.
Furthermore, the overarching trend has a downward trajectory, and there exists significant potential for a short squeeze.
Remarkably elevated volume during downtrends suggests active accumulation of assets, as evidenced by pronounced lower wicks on these declining candles.
Targeting orderblock for swing trade at $2.9.
TPs before then will be set.