The $APE /USDT pair on the 15-minute timeframe is showing a robust upward movement, currently trading at 1.020 after a significant daily gain of over 11%. APE has recently touched a high of 1.023, establishing a key resistance level.
Should the price break and hold above this level, it may pave the way for further upward momentum.
Traders could consider entering a long position if APE remains above 1.025, aiming for incremental profit targets set at 1.040 (TP1), 1.060 (TP2), and 1.080 (TP3), capturing potential gains as the price continues to climb.
However, it’s essential to manage risk by watching the support level around 0.990; a drop below this point may indicate a possible reversal. Setting a stop-loss at 0.980 would provide a safety net in case of a sudden downturn.
This setup offers a balanced approach to capturing gains while minimizing risks, with defined entry, exit, and risk levels.
