APE/BTC is at resistance, APE/USDT is close to resistance.
If we have a push up from 29k - 30k, this may meet the APE short target of around 8.15, with Stop Loss of 8.74. Profit target low 4's.
Again, it's important to monitor BTC here as prices are quite low and there could be a strong upward break at any point.
If BTC dumps now, APE will dump a lot. So you could market Short now. But I am thinking BTC COULD break upwards soon so best not to.
If we have a push up from 29k - 30k, this may meet the APE short target of around 8.15, with Stop Loss of 8.74. Profit target low 4's.
Again, it's important to monitor BTC here as prices are quite low and there could be a strong upward break at any point.
If BTC dumps now, APE will dump a lot. So you could market Short now. But I am thinking BTC COULD break upwards soon so best not to.
Trade active
Note
I just got rektApparently APE was featured in the financial times as a "Value buy", which I wasn't aware of when I placed the trade. Someone told me after :(
ft.com/content/494b7749-5491-459a-8da2-02e480d139e0
Note
SL hit but I reopened my short position 30 minutes later as I saw weakness and a Lower High.It then also rejected the VWAP (see hammer)
Shorted it down from 8.67 to 6.98 and exited. BTC is due a pump and may be painting Green Daily candle
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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.