ApeCoin is facing 100EMA resistance and seems likely to be rejected on it.
⚡️⚡️ #APE/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (1.0X)
Amount: 12.3%
Current Price:
5.200
Entry Zone:
5.243 - 5.695
Take-Profit Targets:
1) 4.406
2) 3.614
3) 2.818
Stop Targets:
1) 6.354
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +19.44% | +33.92% | +48.48%
Possible Loss= -16.18%
Fib. Retracement= 0.618 | 0.786 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 1 month
Tags: #APEUSDT #BoredApe #BAYC #Metaverse #NFT #Gaming #Web3 #Creation #DAO #Governance #DeFi
Website: apecoin.com
Contract:
#ERC20 0x4d224452801aced8b2f0aebe155379bb5d594381
⚡️⚡️ #APE/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (1.0X)
Amount: 12.3%
Current Price:
5.200
Entry Zone:
5.243 - 5.695
Take-Profit Targets:
1) 4.406
2) 3.614
3) 2.818
Stop Targets:
1) 6.354
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +19.44% | +33.92% | +48.48%
Possible Loss= -16.18%
Fib. Retracement= 0.618 | 0.786 | 1.117
Margin Leverage= 1x
Estimated Gain-time= 1 month
Tags: #APEUSDT #BoredApe #BAYC #Metaverse #NFT #Gaming #Web3 #Creation #DAO #Governance #DeFi
Website: apecoin.com
Contract:
#ERC20 0x4d224452801aced8b2f0aebe155379bb5d594381
Trade active
All entries filled and up to +8.58% (1x) profitApeCoin is following the plan pretty well after faking out bullish, Stop Loss was wide enough.
Local up-trend seems broken and 1st target is in play, let's be patient enough until then!
Trade closed: stop reached
SL hit with -16.18% (1x) and -1RApeCoin bounced back after almost hitting TP1, up to +16.69% it would have been.
It seems to have broken out bullish after but still unclear if it was a stop hunt or a new up-trend start.
Trade active
Seems like it was a stop hunt after all, 100EMA support is lost and would likely head towards targets.Trade closed: target reached
+48.48% and +3RFinal target finally reached, sub 3$ was definitely due!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.