$APE BUY/SELL IDEA đĄ
APE/USDT 1D chart,
Key Observations:
1. Bullish breakout: The price broke above $1.00, indicating strong buying pressure.
2. Fibonacci levels: The price has passed $1.229 (23.6% Fib level), with the next target around $1.367 (38.2% level).
3. RSI overbought: The RSI is above 80, suggesting strong momentum but possible pullback risk.
4. Descending wedge break: The price broke out of a descending wedge pattern, signaling a potential trend reversal.
Trading Strategy:
Entry:
- Buy on a daily close above $1.229 or on a pullback to the $1.00-$1.05 area for a lower-risk entry.
Stop Loss:
- Tight: $1.00, just below the breakout level.
- Wider: $0.87, around the recent low.
Take Profit:
- First target: $1.367 (next resistance).
- Second target: $1.887 (61.8% Fibonacci level).
Summary:
Buy above $1.229 or after a pullback to $1.00.
Stop loss at $1.00 (tight) or $0.87 (wider).
Take profit targets are $1.367 and $1.887.
