Cryptocurrency APE - when will it be safe to invest?

10 mag 2022

The strong fall of the cryptocurrency market did not go unnoticed by APE. After such uncorrected impulse waves, investing in the crypto market becomes scary. How to choose the time and place to buy a low-risk APE?

The hourly timeframe clearly shows what happened to the cryptocurrency APE during the fall of the price of BTC on May 9

The first momentum of the fall began due to the operation of stop orders from buyers in the range of $11. However, an interesting fact is that after the start of the momentum, buyers began to actively slow down the fall of limit orders to buy. As a result, consolidation was formed on abnormally large volumes. This was the first step towards slowing down a powerful fall wave. After some time, the situation repeated itself (momentum down and slowing down the decline in consolidation on large volumes.

In order for a potential trade to become relevant, the APE price needs to rise to $11. If buyers are unable to reach the $11 range during the current local growth wave, the decline will continue and sellers will most likely be able to update the local low.

However, if buyers can test the $11 mark, we offer the following medium-term trade:

Entry - $10.5
stop - $7,679
TP-1 - $11
TP-2 - $14

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