Today’s analysis – AP13- trading above its Daily S/R where further continuation is probable,
Points to consider, - Price Action Impulsive - Local S/R Support - Swing High Objective - Oscillators Neutral
API13USDT’s immediate price action is impulsive, at a key trade location that is in technical confluence with the .50 Fibonacci and the Daily S/R, allowing for a long bias.
The Swing High is the current objective, exceeding this level increases the probability of a trend continuation.
Both oscillators are trading neutral, maintaining their bullish control zones is indicative of strength.
Overall, in my opinion, APi3USDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
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And remember,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore