$APE Long Liquidation Alert đš
A $10.237K long liquidation just occurred at $1.5913, signaling potential big moves ahead for $APE. Will this mark the end of a downtrend or the start of a fresh rally? Let's break it down!
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Whatâs Happening?
The liquidation of this size shows that leveraged bulls are being wiped out, which could lead to:
1. A price bounce if buyers step in at support levels.
2. Further decline if bears remain in control.
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Buy Zone đ
The key buy zone for $APE is between $1.50 - $1.58. This area has shown strong support in the past and could be where fresh buying interest enters.
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Targets đŻ
Target 1: $1.65 (Immediate resistance zone)
Target 2: $1.80 (Mid-term target with increased selling pressure)
Target 3: $2.00 (Major breakout zone and psychological level)
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Stop Loss đ«
Set your stop loss at $1.45. A drop below this level could signal further downside, potentially toward $1.30.
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Whatâs Next?
If $APE holds the buy zone: Expect a rally toward $1.65 and potentially $1.80 if momentum builds.
If it breaks below $1.45: Be cautious, as the price could continue falling toward $1.30 or lower.
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Key Factors to Watch:
1. Volume: Watch for spikes in buying volume at the buy zone for confirmation of a bounce.
2. Market Sentiment: Keep an eye on Bitcoin and Ethereum, as their movements often impact altcoins like $APE.
3. News and Updates: Any news related to or the broader NFT/crypto market could create volatility.
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â ïž Disclaimer: This is not financial advice. Always do your own research and trade carefully. The crypto market is volatileâmake sure to manage your risks!
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