$APE #APE
It looks like there's significant activity around $APE, with shorts being liquidated at the $1.380 level. Here's a breakdown of what could happen next:
Bullish Scenario
Momentum Building: The liquidation signals potential strength in buying pressure, which could attract more buyers.
Upside Targets: If $1.380 is decisively broken, the next resistance levels will be key to watch for further bullish confirmation.
Bearish Scenario
Resistance Test: If $1.380 acts as a strong resistance, the price may struggle to hold above it, leading to consolidation or a reversal.
Short Entry: Bears may look for a rejection at or slightly above $1.380 as an opportunity to re-enter short positions.
Next Move Strategy
For Bulls: Watch for a sustained breakout above $1.380 with volume to confirm upward momentum before entering new long positions.
For Bears: Wait for clear signs of rejection or weakness around $1.380 before considering shorts.
The key now is whether this is a genuine bullish breakout or a temporary squeeze. Watch the volume and price action closely to navigate the next steps.
$APE #GDPSteadyPCE2 .1Down #EthereumAwakening? #BSCOnTheRise #BitwiseFiles10ETFs