#APEUSDT
Buying point:
Initial buying range: When the price is close to 0.7500 - 0.7700 USDT, you can consider buying for the first time. This area is close to the middle Bollinger Bands track, and the recent low of 0.7218 USDT may form support, indicating a potential rebound opportunity.
Breaking through the buying point: If the price breaks through 0.9000 USDT and the trading volume increases, this is a potential rebound signal and you can consider adding a position. After breaking this resistance level, the market is likely to push higher.
Take profit point:
First take-profit target: When the price rebounds to 0.9500 - 1.0000 USDT, which is the pressure level of the upper Bollinger Band and EMA (25), partial take-profit can be considered.
Second take-profit target: If the price exceeds 1.0500 USDT, it is recommended to further take profit. This area is a strong resistance level, and the price may rise further after breaking through.
Stop loss point:
Stop loss setting: If the price falls below 0.7200 USDT and the trading volume increases, the loss should be stopped immediately because there is no obvious support below this area and the price may drop further.
Technical indicator support:
EMA(7) and EMA(25): The short-term moving averages EMA(7) and EMA(25) show upward momentum, and the market may maintain a strong rise in the short term. EMA(99) indicates that the long-term market trend has improved and investor confidence has increased.
Bollinger Bands: The current price is close to the upper limit of the Bollinger Bands, indicating that the market has strong momentum and may continue to rise in the short term. However, it should be noted that the expansion of Bollinger Bands indicates increased market volatility, and the risk of overbought zones should be treated with caution.