APEUSDT → Is the dump still in progress? Emphasis on resistance

5 Nov 2024

APEUSDT in the dump phase updates lows. Consolidation and a slight pullback is forming before important news from the US. There is a storm ahead!



The coin pump is most likely a manipulation of fundamental facts related to the launch of Level 3 blockchain. But based on the overall situation, traders do not believe in further growth ...
Technically, the coin is in the channel 0.963 (deeper 1.032) -0.900, accordingly, at the time of writing, prices are diving after bitcoin as markets are betting on Trump's victory, which puts a favorable wind on this market. But the outcome could be 50/50 as the politicians in the race go toe-to-toe...
I emphasize the range boundaries to form a short and medium term strategy for APE.

Resistance levels: 0.963, 1.032
Support levels: 0.900, 0.875

Technically, the primary target is resistance. Further we should consider a false breakdown with a possible decline to support, which may lead to a breakout and further decline to the zone of interest 0.733 - 0.695

Rate, share your opinion and questions, let's discuss what's going on with ★ APEUSDT ;)

Regards R. Linda!

6 Nov 2024

Trading ditutup: target tercapai

Target 1 (1.032) reached!