Buy $APR - Strong break of the 60 moving average with momentum in perpetual contracts
Current price: $0.10937
Signal: The price has decisively broken above the 60 moving average resistance with strong momentum in perpetual contracts, indicating the potential for continued upward movement.
Entry: 0.10880 - 0.10960
First target: 0.11200
Second target: 0.11500
Third target: 0.11800
Stop loss: 0.10700 (below 60 moving average support)
Chart analysis:
Confirmation of the 60 break: Trading price well above the 60 moving average ($0.10753) confirms a successful break of resistance and a shift to an upward trend.
Strong daily momentum: A gain of +7.35% shows aggressive buying pressure in perpetual contracts.
Leverage of perpetual contracts: As a perpetual contract, this move may be amplified due to leveraged long positions and funding dynamics.
Clean break structure: Price action shows a decisive break above the key moving average with minimal pullback.
Volume confirmation: Healthy volume supports the breakout, indicating genuine interest from traders.
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$APR
