APEUSDT is experiencing significant price action on the 1-hour chart, approaching key resistance levels at $1.015, $1.016, and $1.02. A breakout above these could signal strong bullish momentum, while failure to do so may lead to a retracement towards support at $0.998, $0.99, and $0.984.📈 The 9 EMA and 20 EMA indicate a bullish phase, suggesting favorable conditions for long trades if the price holds above $1.015. The MACD shows increasing buying pressure, reinforcing the bullish outlook.
🔍 Traders should monitor RSI levels, currently in the high 60s, for potential overbought signals. Key entry points for long positions are above $1.015, while short positions may be considered if resistance holds.
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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.