$APE Long Liquidation Breakdown and Next Steps.

Recent Liquidation.

A large long liquidation of $19.112K occurred at a price of $1.1058 for $APE. This means a significant number of traders who were betting on the price going up have been forced to exit their positions as the price dropped below their stop-loss levels, leading to a liquidation of their positions.

What’s Happening Now.

After the liquidation, we need to keep a close eye on the price movements of $APE. Liquidations like these can sometimes cause a short-term drop in price, but they also open up opportunities for those who understand the market structure.

Next Steps for Traders.

1. Buy Zone.

The ideal buy zone for $APE would be between $1.05 to $1.10. This range has strong support, meaning the price could bounce back if it reaches this area. Look for confirmation in the form of a price reversal or positive volume to confirm this as a good entry point.

2. Target.

A solid target zone would be around $1.30 to $1.35. This range is based on previous resistance levels. If manages to break through this, the price could go higher, but this will be a good target for short to mid-term traders.

3. Stop Loss.

To manage risk, a stop loss should be set just below $1.00. This would protect your position in case the price continues to drop. If the price breaks below $1.00, it could indicate a further bearish trend, and it might be wise to exit the trade.

Key Factors to Watch.

Volume Momentum. Watch for increasing volume and bullish momentum to confirm the trend reversal.

Market Sentiment. Keep an eye on overall market sentiment, as is still affected by broader crypto market movements.

Technical Indicators. Use indicators like RSI, MACD, or moving averages to confirm any buying signals.

Conclusion.

If you’re looking to trade $APE after the liquidation, the buy zone near $1.05-$1.10 is a good entry point with a target range of $1.30-$1.35.

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