$APE USDT Trade Signal (1H Timeframe)

- Current Price: 0.667 USDT

- Trend: Bullish momentum, higher highs and higher lows established, with a potential breakout.

Trade Setup:

Entry Zone:

- Buy at 0.661 - 0.668 USDT (Price is at a key resistance level of 0.671; a breakout would confirm the bullish move).

Targets:

- Target 1: 0.680 USDT (Immediate resistance)

- Target 2: 0.700 USDT (Next psychological level)

- Target 3: 0.720 USDT (Extended bullish target)

Stop Loss:

- SL: 0.643 USDT (Below recent higher low, protecting against false breakouts).

Indicators:

- RSI: In the overbought territory (~70), showing strong bullish momentum but watch for a potential pullback.

- Breakout Confirmation: Wait for candle close above 0.671 USDT for confirmed continuation.

Risk/Reward:

- RR for Target 1: ~2:1

- RR for Target 2: ~3:1

Watchlist:

Keep an eye on volume; increasing volume would confirm bullish strength, while a low-volume breakout may indicate a possible pullback.

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