$APE Market Update

Liquidation Alert:

$117K in long positions were liquidated at $0.719, signaling increased selling pressure and potential short-term weakness.

Market Overview:

$APE has seen a decline following the liquidation of long positions. The price is now testing important support levels, and its next move will depend on whether buyers can step in or if further downside occurs.

Key Levels to Watch:

Resistance: $1.00 – $1.05 (A breakout above this range could signal a recovery)
Support: $0.95 – $0.90 (If this level breaks, more downside may follow)

Trade Strategy:

Buy Zone: $0.95 – $0.979 (If price stabilizes and shows signs of reversal)
Sell Zone: $1.00 – $1.05 (If price struggles to break above resistance)
Target: $1.10+ (If APE gains momentum and clears resistance)

Market Sentiment:

$APE is facing pressure after long liquidations. If the price holds above $0.95, a recovery is possible. A break below this level could lead to further downside.

Stay cautious and manage risk effectively.

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