APEUSDT Channel Low| Daily Resistance| Liquidity| Single Print

17 בינו׳ 2023

Evening Traders,

Today’s analysis – APEUSDT- trading away from its Channel High, losing support will lead to a deeper pullback,

Points to consider,
- Price Action Impulsive
- Channel Low Support
- Naked Single Print
- Lower Resting Liquidity
- Market High Low

APEUSDT’s immediate price action is trading towards an area of support that is in technical confluence with the Channel Low, Single Print, and a Liquidity Points, allowing for a bullish bias.

The immediate objective is the channel high, this will become more probable as resistances get breached on the way up.

Overall, APEUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps, thank you for following my work

And remember,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager