π APE's market performance has recently been the center of attention. Presently, APE is experiencing a downward trend toward a critical support area, entering another phase of retesting after previously creating a Bullish Trap.
π For the bullish trend to continue, APE must demonstrate a strong bounce off this support level. Achieving this would enable APE to attempt a breakthrough of the 1.53 resistance level. A successful breach of this resistance could pave the way for a smooth upward trajectory, potentially reaching the targeted bearish OB area.
π However, should APE fail to rebound during this retesting phase at the support level, it could spell trouble. Such a failure to hold the support level would indicate a loss of bullish momentum, potentially leading to a shift back into bearish territory.
π Under these circumstances, the next significant level to watch would be the strong support area. A breach of this level would confirm a bearish trend, potentially leading to further declines in APE's market value.
π For the bullish trend to continue, APE must demonstrate a strong bounce off this support level. Achieving this would enable APE to attempt a breakthrough of the 1.53 resistance level. A successful breach of this resistance could pave the way for a smooth upward trajectory, potentially reaching the targeted bearish OB area.
π However, should APE fail to rebound during this retesting phase at the support level, it could spell trouble. Such a failure to hold the support level would indicate a loss of bullish momentum, potentially leading to a shift back into bearish territory.
π Under these circumstances, the next significant level to watch would be the strong support area. A breach of this level would confirm a bearish trend, potentially leading to further declines in APE's market value.
Trade closed: target reached:
#APEβs 93.70% rise? Called it!
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