APE Short Scenario
APEUSDT Signal- Entry - After breakout of channel
- Target - $14.3
- Invalidation - Top of wave 5
- Risk to reward ratio - About 3.5
Technical confirmations
- Price is forming an ending diagonal.
- Full cycle of Elliot wave impulsive part is coming to an end.
- When the price will break the channel then correction will start.
- RSI indicator is showing weakness on 1H timeframe.
- AROON indicator is showing loss in bullish momentum indicating that soon the price should reverse.
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