$APE $APE

APE/USDT Technical Analysis: A Bullish Outlook

The $APE USDT chart is currently displaying a bullish trend. The price has recently broken above the crucial resistance level of $1.100, which has been acting as a major barrier for the past few weeks. This breakout signals a potential upside move for the token.

The immediate support level to watch is around $1.018. If the price retraces to this level, it could be a good buying opportunity for long positions.

Entry Strategy:

* Long Position: Buy APE/USDT on a dip towards the $1.018 support level. Set a stop-loss below the recent swing low and take profit at the next resistance level of $1.132.

Risk Management:

* Always use a stop-loss order to limit potential losses.

* Consider using a trailing stop-loss to lock in profits as the price moves in your favor.

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