Traders,

A few weeks ago I posted this inverse Cup and Handle pattern on ape coin. As usual, it was extremely difficult for me to believe what the charts were showing me. Apecoin was so hot and I doubted, as always, that it could drop this low. When am I going to learn to trust what the charts are showing me? So here we are. Target down of $4.29 almost achieved. Only the most iron gutted amongst us will dare to enter in this market I am sure. But if you are looking for a good long, here you are! Wait for $4.29 to be reached. Enter. I have a 4 to 1 R/R denoted on the chart which is pretty aggressive and that would be a final target. You can adjust according to your preferences of course. A 3 to 1 R/R might be more reasonable and take your profits along the way along with adjustment of your stops as you are in the profit.

I may enter this trade with you all once we get there. I’ll let you know right here as always.

Best to you all!
-Stew