I've been following APPC for the last few days and left my work there to show you proof of concept. Maybe new traders can learn some things - like when to exit a trade and how to build trends. :)
I'm new to trading myself therefore my layouts may seem a bit strange.
Entry points : 17, 19, 21
Exit points : 35, 40, 45
I've ranked entry and exit points according to risk/reward.
Entries : Low means the lowest possible entry. Higher risk to reach - higher reward potential. Med is the safe bet. High is the highest possible entry with least risk, because once we pass the 23 for example here, we've confirmed the bull trend and it's a very safe entry. technically that would be the safest entry.
Exits : Low means your safest exit and least reward potential. Med is the safe bet. High is the highest possible reward with the highest risk of getting there.
APPC looks like a good team with good tech behind it and this one could potentially be a great coin to hold for 1 - 6 months. :) Use your discernment as always NOTE : I'll be including a screenshot without the FIB blocking so you can see the wave pattern more clearly below.
Check out the light blue lines
We'll see where this momentum takes us in the short term.
Two possible scenarios :
We play between here and 9k as a bottom. Anything lower shows bear are in total control - until they aren't of course haha.
We go back to the bottom fib and hover around 16-17k as BTC settles down. If it does. That would show strong bull support and we'd be looking at a push up over the next few days, again dependent on BTC.
Stop losses at 17.5k have hit as far this trade's concerned. Sorry man. Gonna be a bloody few days IMO. Good to take note of anything that can hold as BTC falls.
If you get any sense of channels or swing trades etc give us a yell.
Much appreciated again...darn BTC getting in the way. Arggg. lol