APE had a slight downtrend because of the market and dollar gaining ground affecting all crypto. We are still range bound and on track for the next move. APE can be very volatile so be prepared for $0.50-$0.65 cent movements. These movements seem to always recover in time and it happens because of short market sells hoping to hit stop losses. This causes the big swings.
Tip:
Dont panic sell, and becareful with your stops. If you have alot of shares you could end up hearting yourself even more that where your stop is set. For example, i had 3k shares, stopped out at $6, but my average was $5.812 cents. Decreased way than expected and right after the stop hit it went right back up to 5c below my stop hit. If you have 3k+ shares you could see your stop loosing an additional 10-20 cents with market sells. This is why shorts are short selling big shares market style. Keep those stops with limits to protect your profit. There are alot of bears shorting ape because of the big downtrend its had in the past, but like with all bear markets they eventually end. There liquidation time is coming.
Tip:
Dont panic sell, and becareful with your stops. If you have alot of shares you could end up hearting yourself even more that where your stop is set. For example, i had 3k shares, stopped out at $6, but my average was $5.812 cents. Decreased way than expected and right after the stop hit it went right back up to 5c below my stop hit. If you have 3k+ shares you could see your stop loosing an additional 10-20 cents with market sells. This is why shorts are short selling big shares market style. Keep those stops with limits to protect your profit. There are alot of bears shorting ape because of the big downtrend its had in the past, but like with all bear markets they eventually end. There liquidation time is coming.