๐ $APE /USDC โ Momentum Reversal in Play?
After a sharp dip to the $0.57 zone, APE bounced back with strong bullish volume, reclaiming key levels. The current consolidation near $0.63 hints at a potential breakout.
๐ Setup Highlights:
- Bullish engulfing candle off support
- Higher lows forming on intraday
- Volume spike confirms buyer interest
๐ฏ Targets:
- Target 1: $0.645 โ Retest of recent high
- Target 2: $0.662 โ Breakout zone from previous resistance
- Target 3: $0.685 โ Extension if momentum continues
๐ก๏ธ Risk Management:
- Stop-loss: Below $0.615
- Position sizing: Adjust for volatility
- Watch for rejection near $0.645 zone
๐ฌ Small account holders: Donโt chase green candles. Let price confirm strength above resistance before entering. Discipline > FOMO
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