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$APE
It’s a tough realization, but sometimes the most important move in trading is knowing when to stay on the sidelines and wait for the dust to settle. Looking at the APE/USDC chart, it’s a clear reminder that chasing a falling knife rarely ends well; it’s much better to wait for a floor to actually form.
Here is the objective logic I’m keeping in mind:
The Game Plan
• Current State: Watching the price hover at 0.15789 as it struggles to find stability.
• Entry Strategy: I’m looking for a solid hold near the current buy price of 0.15891.
• Target Level: Keeping my eyes on a recovery toward the recent peak of 0.16415.
• Stop Loss: If we break below the recent 24h low of 0.15723, the thesis changes and it’s time to step back completely.#GateSquareMayTradingShare