APU — Too Late To Enter?
APU is one of the meme coins that has been totally on fire lately. Since its bottom in September, the token pumped almost 250%.
Chart-wise, APU printed a perfect inverse head-and-shoulders pattern and broke above the neckline at the beginning of October. Although the volume did not perfectly support the pattern, APU has performed strongly since then.
As always, the question arises whether it is too late to enter. The reasonable answer is you don't have to worry if you missed the initial entry. Typically, you will get a couple of chances.
Right now, APU struggles to break above the resistance at 0.00055. Depending on the overall market, I wouldn't be surprised if APU consolidates below this level before taking the next leg up. Therefore, depending on the market, you can go for two approaches:
‣ DCAing the Consolidation: In case of consolidation (or slight correction) below the resistance, you can easily DCA during the following days and weeks. This should put you in a perfect position for the token's next move.
‣ Entry after breakout: If APU does not want to waste time and breaks above the resistance, you can enter after a confirmed breakout. The next target sits above 0.0008 and holds a solid potential.