Evening Traders,

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.

hope this analysis helps

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