TRDAE SETUP ON $APE
Price broke out of Channel Down pattern but we wait for confirmation: break above $1.32 key level. (set a price alert). If so, it could signal a bullish trend reversal with +15% upside potential to $1.50. Stop Loss (SL) level at $1.09 (below prior swing low). This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Nearest Support Zone is $1.25, which it broke, then $1.00. The nearest Resistance Zone is $1.55 (previous support), then $1.85.
