APEUSDT
Going Short on APEFTX:APEUSD
APECOIN seems to have top-out with the RSI indicator extremely overbought, and now it is pointing down.
It seems to have made a Falling Wedge Pattern, which is a bearish pattern, and about to break to the downside.
I’m going short here, with stop above August 5 highs.
Not a recommendation.
Good Luck to You
Ape short - Beatiful formation Reasons to take short:
⭐️ BTC bearish
⭐️ Dominance bullish
⭐️ 3rd touch
⭐️ Nicely squeezing to the level
⭐️ Level is 2 days old
⭐️ 36 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself