💀 Technical Analysis: ApeCoin ( $APE )
Market capitalization: $150 million.
The APE chart moves between levels, although the boundaries aren't clear enough for classic patterns.
🟡 But this creates interesting trading opportunities!
How to trade❔
⏺ Current situation: The price is slightly above the support level – a good moment for purchases with confirmation.
⏺ Long position entry: Wait for a rising candle with volume confirming the bounce from support. Stop-loss will be quite short behind the nearest extreme.
⏺ Profit target: Place before the level above, but consider clusters of intermediate levels that may slow down movement.
⏺ For a short trade: Better to wait for a breakout of one level and react to the breach of the next. As the price moves, the profit/risk ratio will become clear based on the stop behind the extreme.
Conclusion:
APE requires a precise approach with clear confirmations. The low price creates an attractive risk/reward ratio for short-term trading, but be prepared for volatility.
📈 Open trade with $APE
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