📈 Key Levels to Watch (Daily + 4H Technical Analysis)
On the daily timeframe, ApeCoin (APE) is forming a clear inverse head and shoulders pattern near the bottom of the chart — a classic bullish reversal signal. A confirmed breakout above the $0.7106 resistance level could mark the beginning of a new uptrend.
Currently, APE is trading within a consolidation box, offering potential for both breakout and breakdown plays:
⚠️ A break below $0.5950 may open up a short opportunity,
But due to the lack of a strong bearish trend, quick profit-taking on shorts is strongly recommended.
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📉 4H Chart Insights:
Downward moves are occurring on declining volume, while upward pushes toward $0.7106 are happening with increased volume, suggesting that bulls have more conviction than bears.
If RSI breaks above 80 on the 4H chart, it could serve as a secondary confirmation of renewed bullish momentum.
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💡 Trading Strategy:
This zone is attractive for both spot entries and futures setups:
For futures, a dynamic stop-loss can be placed around $0.6722, subject to market volatility.
For spot traders, a more conservative stop-loss would be around $0.5891.
On the daily timeframe, ApeCoin (APE) is forming a clear inverse head and shoulders pattern near the bottom of the chart — a classic bullish reversal signal. A confirmed breakout above the $0.7106 resistance level could mark the beginning of a new uptrend.
Currently, APE is trading within a consolidation box, offering potential for both breakout and breakdown plays:
⚠️ A break below $0.5950 may open up a short opportunity,
But due to the lack of a strong bearish trend, quick profit-taking on shorts is strongly recommended.
---
📉 4H Chart Insights:
Downward moves are occurring on declining volume, while upward pushes toward $0.7106 are happening with increased volume, suggesting that bulls have more conviction than bears.
If RSI breaks above 80 on the 4H chart, it could serve as a secondary confirmation of renewed bullish momentum.
---
💡 Trading Strategy:
This zone is attractive for both spot entries and futures setups:
For futures, a dynamic stop-loss can be placed around $0.6722, subject to market volatility.
For spot traders, a more conservative stop-loss would be around $0.5891.
Note
I mistakenly wrote the number 80 in the RSI section, the correct number is 70.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.