Look! when the entire market is red, it shows its strength... 😤 $APE
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Ladonna Lovering
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Bullish
here are recommendations for entry buy and stop loss positions in the long term:
Entry Buy
1. Entry Level: Consider entering around the price of 1.0450 to 1.1000, especially if the price can hold above this level and shows upward momentum.
2. Breakout Confirmation: Wait for confirmation from indicators like MACD and KDJ to see strong bullish signals. A higher entry can be made if the price breaks the resistance level around 1.2043 (previous high), as this could be a strong signal for an upward trend.
Stop Loss
1. Stop Loss Level: Place the stop loss below the major support level. Based on the chart, stop loss can be set around 0.9000 - 0.9500 to anticipate further declines if support fails to hold.
2. Tighter Stop Loss: If you want to manage risk more tightly, the stop loss can be placed slightly below the last lowest level around 0.4727. This will limit losses if there is a significant change in direction.
Additional Notes
Regular Monitoring: For the long term, be sure to monitor the price movement regularly and adjust the stop loss if the price continues to rise, to secure profits.
Trend Indicator: Pay attention to the movement of the MA(99) because if the price moves above it, this could be a stronger signal of a long-term bullish trend.
Always use an appropriate risk management strategy, as the crypto market is highly volatile.
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