Chart Analysis – APE/USDT
1. Support Zone:
A strong support zone is marked in the brown box around the $0.3856 - $0.3484 area.
Price has respected this zone, bouncing from it recently, indicating buyer interest.
2. Price Action:
Current price: $0.4352
24h low: $0.4223, suggesting a rebound from near the support.
The yellow pattern drawn indicates a potential bullish bounce scenario. Price may retest the support zone and rally upward before possibly facing resistance and pulling back.
3. MACD Indicator:
MACD, DIF, and DEA are still in negative territory, showing overall bearish sentiment.
However, histogram bars are slightly reducing in size, hinting at weakening bearish momentum (early signs of possible reversal).
---
Trade Idea (Not Financial Advice):
Entry Zone: $0.3484 - $0.3856 (support zone)
Target 1: $0.4886 (local resistance)
Target 2: $0.5678 (higher resistance)
Stop Loss: Below $0.34 (support break confirmation)
