๐ $APE Huge Volume Spike! Will It Break $0.162 or Pullback First?
Iโm currently watching the $APE /USDT 4-hour chartโthereโs just been a very significant volume spike! The latest 4-hour candle immediately formed as a thick green surging from the $0.1432 area to a high of 0.1623
The price is currently trading comfortably well above the MA7 (0.1485) and MA25 (0.1420) indicators, signaling very strong short-term bullish momentum. However, also note that the Stoch RSI indicator has reached the overbought zone.
Trade Plan : BUY/LONG
Entry : 0.1480 - 0.1535
TP 1 : 0.1623 (Retest candle)
TP 2 : 0.1750
TP 3 : 0.2000
SL : 0.1380 - 0.1400
Technical Analysis :
1. Bullish Momentum: A volume spike of over 67M APE signals the entry of whales/smart money on the 4-hour timeframe.
2. Caution: The Stoch RSI is already very high. Thereโs usually a shakeout or a slight consolidation first before another attempt to break through 0.1623
Trade $APE ๐
Iโm currently watching the $APE /USDT 4-hour chartโthereโs just been a very significant volume spike! The latest 4-hour candle immediately formed as a thick green surging from the $0.1432 area to a high of 0.1623
The price is currently trading comfortably well above the MA7 (0.1485) and MA25 (0.1420) indicators, signaling very strong short-term bullish momentum. However, also note that the Stoch RSI indicator has reached the overbought zone.
Trade Plan : BUY/LONG
Entry : 0.1480 - 0.1535
TP 1 : 0.1623 (Retest candle)
TP 2 : 0.1750
TP 3 : 0.2000
SL : 0.1380 - 0.1400
Technical Analysis :
1. Bullish Momentum: A volume spike of over 67M APE signals the entry of whales/smart money on the 4-hour timeframe.
2. Caution: The Stoch RSI is already very high. Thereโs usually a shakeout or a slight consolidation first before another attempt to break through 0.1623
Trade $APE ๐
