$APE/USDT 4h (#BinanceFutures) Descending trendline breakout
Updated
ApeCoin is pulling back to 50MA support and is forming a bullish flag on Low TF, looks ready for a rally!
Current Price= 4.251
Buy Entry= 4.231 - 3.917
Take Profit= 4.790 | 5.452 | 6.113
Stop Loss= 3.499
Risk/Reward= 1:1.25 | 1:2.4 | 1:3.55
Expected Profit= +17.57% | +33.82% | +50.05%
Possible Loss= -14.11%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 10 days
Tags: #APE #APEUSDT #Metaverse #NFT #Gaming #Web3 #Creation #DAO #Governance #DeFi
Website: apecoin.com/
Contract:
#ERC20 0x4d224452801aced8b2f0aebe155379bb5d594381
Current Price= 4.251
Buy Entry= 4.231 - 3.917
Take Profit= 4.790 | 5.452 | 6.113
Stop Loss= 3.499
Risk/Reward= 1:1.25 | 1:2.4 | 1:3.55
Expected Profit= +17.57% | +33.82% | +50.05%
Possible Loss= -14.11%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 10 days
Tags: #APE #APEUSDT #Metaverse #NFT #Gaming #Web3 #Creation #DAO #Governance #DeFi
Website: apecoin.com/
Contract:
#ERC20 0x4d224452801aced8b2f0aebe155379bb5d594381
Note
1st entry filledApeCoin is testing the demand zone and dips seem to be bought so far.
Trade closed: target reached
TP2 was reached with +33.73% (1x) and +2.4RApeCoin went up retesting 200MA resistance where it got rejected and retraced down to demand zone.
Last target remains valid, if you are still holding better place a SL at BE though (4.231 for example)
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