ApeCoin [APE] crossed above a multi-week downtrend line, should you go long?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionHowever, bulls had a glimmer of hope after crossing above a downtrend line.
At press time, APE closed above the downtrend line flipping the structure to bullish. But it was about to retest it to confirm whether the uptrend would continue.Long-term bulls could look to book gains at the overhead resistance levels of $6.110, $6.417, or $6.938. Such an upswing may depend on BTC’s upward rally above $25K. But bulls will need to wait for the confirmation of the uptrend if the APE retests the downtrend line and moves upwards.
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