Shorting APE 1hr chart, resistance/divergence sim
Trade Idea: Selling APEUSD
Reasoning: Selling APEUSD into major resistance , a bearish div on the 1hr, triple tap with weak candles close to 4$ whole number resistance. The 4 hr chart is also starting to roll over and paint red on the RSI. keep in mind the time of year the markets could move less than you would like them too with current low volume. keep knife catching gloves on stand-by.
Entry Level: 3.834
Take Profit Level 1: 3.63
Take profit Level 2: 3.50
Take profit level 3:
Stop Loss: 3.95
Risk/Reward: 2.69
Reasoning: Selling APEUSD into major resistance , a bearish div on the 1hr, triple tap with weak candles close to 4$ whole number resistance. The 4 hr chart is also starting to roll over and paint red on the RSI. keep in mind the time of year the markets could move less than you would like them too with current low volume. keep knife catching gloves on stand-by.
Entry Level: 3.834
Take Profit Level 1: 3.63
Take profit Level 2: 3.50
Take profit level 3:
Stop Loss: 3.95
Risk/Reward: 2.69
Trade active
Comment:
booked all but 25% position at around 7% profit in the 3.50s well after TP #1 last 25% will have take profit set around 5% better to lock the profit with the time of year quick paying hourly trade. CLEAN as they come
Comment:
what's .01 among friends lol bounced at 3.51 have a great Sunday see you all for monday
Trade closed: target reached