After a deviation below demand, 
APEUSDT formed a clean rounded bottom, reclaimed the zone, briefly consolidated, and it's now attempting to break above resistance.
Key Levels
• $0.79: Current resistance
• ~$0.65: Current support, breaking it might lead to the formation of a handle
• $0.50-$0.60: Main demand zone and logical pullback target in case of a handle
• $1.20: Measured breakout target, and previous swing high
Worth watching it closely for a daily close above $0.79 with good volume to activate the target.
Alternatively, look at the $0.50-$0.60 area for a reversal in case of a rejection here.
APEUSDT formed a clean rounded bottom, reclaimed the zone, briefly consolidated, and it's now attempting to break above resistance.Key Levels
• $0.79: Current resistance
• ~$0.65: Current support, breaking it might lead to the formation of a handle
• $0.50-$0.60: Main demand zone and logical pullback target in case of a handle
• $1.20: Measured breakout target, and previous swing high
Worth watching it closely for a daily close above $0.79 with good volume to activate the target.
Alternatively, look at the $0.50-$0.60 area for a reversal in case of a rejection here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.