APEUSDT recently experienced a setback as it failed to sustain its bullish momentum after retesting a crucial supply zone. This lack of support has raised concerns among traders and investors.
Considering technical analysis, there is a possibility of a pullback on Fibonacci levels. Fibonacci retracement levels are commonly used to identify potential areas of support or resistance based on the key ratios derived from the Fibonacci sequence. Traders often look for price reversals or corrective moves around these levels.
If the price of APEUSDT continues to decline and falls below the significant threshold of $3.1, it could trigger a new short-selling opportunity according to Plancton's rules.
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