APE/USDT Daily Analysis and Trading Strategy

Support Levels:

1. $1.200: Key support area, close to recent low.

2. $1.150: Position of the 99-day moving average, serving as a medium-term support point.

Resistance Levels:

1. $1.265: Current 24-hour high, short-term pressure level.

2. $1.300: Psychological barrier, breaking through could open up more upward space.

Market Analysis:

Current price of APE is $1.257, with an intraday increase of +2.86%. The price has stabilized above the MA7 moving average, but the MA25 moving average is exerting some pressure, showing a slight upward oscillation in the short term. Trading volume has expanded moderately, and the MACD fast and slow lines are stable, indicating a balance of short-term bullish and bearish forces.

Trading Strategy:

• Long Position Strategy:

Gradually build positions in the $1.200-$1.250 area, targeting $1.300, and further looking towards $1.350 after a breakout, with a stop loss set below $1.180.

• Short Position Strategy:

If the price rebounds to the $1.265-$1.300 area and faces resistance, consider a light short position, targeting $1.200, with a stop loss above $1.310.

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