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Steady. Supports are holding all around.
#ape #apecoin #bitcoin #crypto #alts
In yesterday’s video I alluded to the fact that on some cryptos (i.e. apecoin), it appears that we were oversold. Remember, these wedges are generally bullish and so a break to the downside of a bullish wedge can often be interpreted as a bear trap. I stated that I expected us to come right back up into our bullish wedge. Today we did that. And so, if you were in on this trade with me, we’ve already netted a quick 13%+ profit from our entry area. Congratulations!
Drops from bullish wedges such as this are unusual and so it is important you all understand what the implication of future price action will be when these anomalies occur. That is why I am taking the time to point such an instance out in this post.
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