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AomoriAkuma
Aug 3, 2022 8:52 AM

A little fun with APE Long

ApeCoin / United States DollarCoinbase

Description

APE charted from start to finish. Ive annotated in my predictions, however simple they may be.

I will update later with my actual thoughts!

Comment

APE just entered the entry zone i have marked.

based on the movement of BTC having just rejected off its resistance at 23,500. i feel safe putting in a short here.

50% TP at the 786 fib and the rest at the support below. (ive never used Fibs for entries or profits; trying something new!)

my stop loss will be set a little ways above the resistance. far enough so as not to get hunted, but not too far so as to accumulate losses bigger than i can make back with a 1:2 or 1:3 RR scalping strategy.

good luck!
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