FireHoseReel | APE at a Critical Breakout Point

🔥 Welcome To FireHoseReel !
Let’s dive into APE analysis.

👀 APE 4H Overview
APE remains bearish across most higher timeframes. We’ve applied a Fibonacci retracement on the last 4H bearish leg, which has highlighted several key levels. A break below the current low signals continuation of the downtrend, while a breakout above the PRZ zone would act as the best bullish trigger.

📊 Volume Analysis
APE volume has increased as price reached this zone. This rise in volume suggests that whales may be defending lower prices. If the floor breaks, heavy liquidations and spot selling could follow.

✍️ APE Trading Scenarios

🟢 Long Scenario:
A breakout above the PRZ at $0.343, supported by strong buy volume, could activate a long trigger. Prefer entries on the second or third test of the breakout.

🔴 Short Scenario:
A breakdown of the current base with strong selling pressure and whale capitulation could push price lower. The main short trigger lies below $0.2237.

🧠 Protect your capital first. No setup is worth blowing your account. If risk isn’t controlled, profit means nothing. Trade with rules, not emotions.