FOLLOWING $APE'S PRICE SPIKE TO 85.65%, IT HAS STALLED AT THE CRITICAL LEVEL, WHERE WE PRESENTED OUR REALISTIC STRATEGY ON SEPTEMBER 10TH!
Are you a trader who only makes a move when the cryptocurrency market is booming?
That's okay, it's more or less typical because most traders would follow the market's trend.
However, are you aware that there is a more effective technique for you to trade than going in when it's booming?
Allow GP to give you a direct explanation.
APE is the altcoin that will be the focus of our discussion today. In just 35 days, this altcoin has soared from 0.482 to 0.877. Just take a look at the chart, take a deep breath and say, congratulations to the ones who entered at the bottom. Now, I'll wait for an opportunity in case it corrects and at that correction level I'll take trades with 0.5% from my total capital. That's how traders become great at trading in the crypto market. They don't blindly follow a surging market. Instead, they play it safe with more precautions set in mind and be composed. This is nearly 100% of its lowest value, and we believe that APE may hold onto prices from this point until it regains its key 2023 support. However, at the moment, this altcoin is growing stronger. The price should be rejected between 0.818 and 0.987, and at 1.205, it should be rejected even more forcefully. In light of this, we will keep an eye out for any potential breakthrough of these resistance levels by APE. We firmly think that these rejection regions will serve as the impetus for consumers to keep searching for APE at a discount.
Now, how can traders, particularly on a rising altcoin, avoid being stuck close to the rejection areas? It's easy, just have patience. Being patient doesn't require you to be a skilled trader. Simply look at the chart, inhale deeply, and congratulate the people who entered at the bottom. In the event that it corrects, I will now wait for a chance and make trades using 0.5% of my total capital at that point. This is how traders master the cryptocurrency market. They don't mindlessly follow a market that is growing. Instead, they remain calm and take extra care to be safe.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.