$APE/USDT 12h (#Bybit) Ascending trendline retest
Updated
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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