This NFT token/coin went from less than $7 to $17 in a mere several hours after its listing on major exchanges. $APE has retraced back down to the 0.236 level and may even retrace lower due to the volatility and usual price action of such coins. A cup and handle formation is forming or; past tensed; formed and cup and handle formations usually indicate price movement whether it be downward or upward, in this case, the latter.

WARNING!!! This trade setup is a very risky one and if anybody does decide to enter it please use 1% of your capital, 3% max. there aren’t enough candles for me to properly analyze this coin but as for myself, I will be entering a long position once the price goes drops to the indicated prices under the long position tool.

Entry Targets: 12.27 – 14.50
TP: 15.18 – 16.08 – 16.54 – 17.14 – In the scenario, it keeps going up for “unknown reasons” keep it running as a free moon bag!
SL: 12.10