FieryTrading

🔥 APE Dead-Cat Bounce: New Low Incoming

Short
BINANCE:APEUSDT   APE / TetherUS
APE has been in a massive decline since topping late April. As of a few days now, APE is seeing some consolidation after the capitulation happened on 11-05. In my view, this move is nothing more than a dead-cat bounce and more pain is coming shortly.

If we can break below $7.30, I think we're going to target the capitulation lows around $5.70, likely even making a new low with a $4 target.

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