$APE breakout update . .
what the next move now?
open long from support or short now?
š„³š„³š„³š„³ breakout of APE/USDT from a consolidation zone, with a strong bullish move, indicated by the large green candle. The RSI (Relative Strength Index) is currently at 85.88, suggesting that the market is in overbought territory, which typically signals that a pullback or a correction could occur soon.
Next possible moves:
Upward Move: If the breakout is sustained with continued bullish momentum, the price could further climb toward the next resistance level, which seems to be around $2.68, based on the chart. Monitoring volume and other momentum indicators will be key to confirm this.
Pullback/Correction: Given the high RSI, there's a possibility of a pullback to retest previous support levels around $1.17 to $1.24. If the price holds at these levels, it could signal consolidation before another upward push.
Keep an eye on volume and lower timeframes for clearer signals of continuation or reversal.
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