APE / TetherUSLong
$APE trade idea. Long for multiple breakouts.
Already broke out of a pennant pattern a few days prior.
Journal Entry:
LONG NYSE:APE
Temporary surge in trading volume, accompanied by a retest of the earlier breakout level supported by substantial volume.
Furthermore, the overarching trend has a downward trajectory, and there exists significant potential for a short squeeze.
Remarkably elevated volume during downtrends suggests active accumulation of assets, as evidenced by pronounced lower wicks on these declining candles.
Targeting orderblock for swing trade at $2.9.
TPs before then will be set.
Journal Entry:
LONG NYSE:APE
Temporary surge in trading volume, accompanied by a retest of the earlier breakout level supported by substantial volume.
Furthermore, the overarching trend has a downward trajectory, and there exists significant potential for a short squeeze.
Remarkably elevated volume during downtrends suggests active accumulation of assets, as evidenced by pronounced lower wicks on these declining candles.
Targeting orderblock for swing trade at $2.9.
TPs before then will be set.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.