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Technical analysis by CRYPTO_HUUNTER about Symbol APE: Buy recommendation (6/3/2025)

https://sahmeto.com/message/3577373

ApeCoin (APE) Forming a Bullish Reversal?

Buy
Price at Publish Time:
$0.68104
Profit Target:
(+14.63%)$0.7807
Stop Loss Price:
(-1.30%)$0.6722
Buy،Technical،CRYPTO_HUUNTER

📈 Key Levels to Watch (Daily + 4H Technical Analysis)On the daily timeframe, ApeCoin (APE) is forming a clear inverse head and shoulders pattern near the bottom of the chart — a classic bullish reversal signal. A confirmed breakout above the $0.7106 resistance level could mark the beginning of a new uptrend.Currently, APE is trading within a consolidation box, offering potential for both breakout and breakdown plays:⚠️ A break below $0.5950 may open up a short opportunity,But due to the lack of a strong bearish trend, quick profit-taking on shorts is strongly recommended.---📉 4H Chart Insights:Downward moves are occurring on declining volume, while upward pushes toward $0.7106 are happening with increased volume, suggesting that bulls have more conviction than bears.If RSI breaks above 80 on the 4H chart, it could serve as a secondary confirmation of renewed bullish momentum.---💡 Trading Strategy:This zone is attractive for both spot entries and futures setups:For futures, a dynamic stop-loss can be placed around $0.6722, subject to market volatility.For spot traders, a more conservative stop-loss would be around $0.5891.I mistakenly wrote the number 80 in the RSI section, the correct number is 70.

Source Message: TradingView
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