Today's analysis = APEUSDT - trading in a strong downtrend where a reversal is probable at the local trade location.
Points to consider, - Price Action Correction - Bullish OB Support - POC Support - Low Volume - RSI Extended
APEUSDT's immediate price action is trading towards a key trade location that has technical confluence with a Bullish OB and a POC, allpowing for a bullish bias.
The immediate objective will be a reclaim of the Weekly S/R, this will signify strenght.
The current volume profile is on a decline, an influx is highly imminent on the next expansion.
overall, in my opinion, APEUSDT is a valid long with defined risk, price action is to be used upon discretion/management.