#APE IS ON FIRE! MANY ARE JUMPING IN THIS EXCITEMENT: WHAT'S NEXT?
We are currently witnessing a strong bullish market sentiment for APE and almost everyone's rising. How should those who haven't entered APE's bottom react?
Here's what we can say.
The overall market sentiment for APE is bullish and it's quite easy to understand that the momentum is still going strong. Although, we're currently not joining the market scenario since we haven't took any trade at its bottom (we actually forgot about this token). Honestly, as we haven't took a trade at its bottom unlike REEF and the other tokens we have entered. We will avoid it completely in its shorter timeframe. However, since we will avoid it in its shorter timeframe. We will continue to observe its larger movements most especially for any possible position trades we might be able to take for this token. This token has already surged 85.63% and we might still see further attempts of it to break. Although, today or the next following days, there may be enough sellers who want to do some day trades with this token along REEF, VIDT and other tokens that have surged and have yet to correct. Thus, personally, it's unwise to enter a token that's highly surging especially those above 50%. Since the probability of a reversal in its shorter timeframe is always more than 90%.
The best opportunity was at its bottom just like REEF but the next best opportunity is at not entering it after surging highly to avoid losses.
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.
