Assuming all that point to $1.5 is a complete cycle wave 1 and we are already in a 1-2/1-2 on the journey $4-6 on the short to midterm bull run.
The chart is quite self explanatory. for this scenario, wave 2-blue could end at this moment and the bull run begins or we get a deep retracement to the 78-90% Fibonacci level. However price can't price touch the previous swing low (invalidation level)
Note
This scenario is less probable but if you're invested in it the invalidation level is still the same APEUSDT
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Incredible. Now let's see if the daily/weekly candle is able to close above that strong resistance
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