Probably going to be a strong buy from here. We got a trend continuation signal with a pretty tight stop loss too. Let's see how this goes. OVERALL A BULLISH TREND determined from H1 & H4
We are still in a bear market sadly but we may be up for a short buy(long term) before continuing the sell. Hopefully we get a divergence soon. We may sell for a quick profit if we see a ichimoku cloud breakout in the m15 time frame down to 286.30 or 278. If we don't get a break out we will find a buy set up. Still BEARISH OVERALL .
Looking at this short term buy bias on APEUSDT. Target is 9.3775 a weekly resistance area. A further break and we will have a strong up move to 9.3904 or more. This is generally a down trend and we only took this trade because the downtrend got a little bit weak. We hope to take advantage of the drawback before it continues downwards. Lets see how this play out!
It's an overall downtrend but we might see a short term BUY here up to the supply demand zone before continuing in the overall trend direction. Entry confirmed using the ichimoku and MACD breakout. Let's see how this plays out!
So we are officially in a bear market, the divergence is enough proof followed by a break in the ichimoku cloud. All we can do now is to wait for another divergence or a strong break out to the top side for a next bull run. We do not suggest anyone to buy and hold long term. Short term buys ahead of draw backs. WE DO NOT SUGGEST BUYING NOW #Notafinancialadvice