Ape (APE) Trading Strategy on December 4, 2024
1. Market Analysis
As of now, the current price of Ape (APE) is $1.858, with a daily high of $2.077 and a low of $1.498. The price fluctuations are significant, indicating active market sentiment.
2. Technical Analysis
• Support Levels:
• First Support Level: $1.800
• Second Support Level: $1.700
• Third Support Level: $1.600
• Resistance Levels:
• First Resistance Level: $1.950
• Second Resistance Level: $2.050
• Third Resistance Level: $2.100
The technical analysis shows that APE has strong support around $1.800. If it breaks the resistance level at $1.950, it may rise further.
3. Short-term Contract Strategy
• Long Strategy:
• Entry Point: $1.850
• Stop Loss: $1.750
• Take Profit: $1.950
• Short Strategy:
• Entry Point: $1.950
• Stop Loss: $2.050
• Take Profit: $1.850
Investors are advised to strictly set stop-loss and take-profit levels based on market trends to avoid chasing highs or bottom fishing.
If APE breaks $1.950, it may test $2.050 or higher in the short term; if it falls below $1.800, it may pull back to $1.700 or $1.600.
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