💀 Technical Analysis: ApeCoin (
$APE )
Market Capitalization: $367 million.
After a recent volatility spike, APE has calmed down and moved into sideways movement while maintaining an upward trend.
🟡 An excellent opportunity to work on level breakouts!
How to trade❔
💬 Buy Scenario: On an upward break of the resistance level, open a long position. Place stop-loss behind the nearest extreme.
💬 Profit target – before the next resistance level above. Important: manage the trade by moving stop-loss at a distance equal to two stops.
💬 Sell Scenario: On a downward break of the support level, op