Ape coin was launched last Thursday on Bitfinex and it seems people have a lot of interest in it.Active holder adresses raised since than by 10.000. The price moved up 142% in only 13 hours and is now in short time frame correction movement.
I expect a reversal near the current price area and will open a long position as soon the price reached 10.65$-10.75$ (Fibo golden ratio, entry with bullish divergence on the 30 min RSI and incoming TTM squeeze) with tight stop loss at 10.24$
I will move the stop loss into break even as soon the price reached the first take profit area near 12.65$ and will reduce the position by 25%.
All other updates will be posted under this chart.
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