APU-151024

About + Tokenomics

Chart Analysis

APU has been one of the top performers lately. Since hitting its bottom in September, the meme coin has risen more than 500%.

However, it will likely see some correction at some point, and I expect this to happen now. The 0.0001 level is a crucial level, and APU should recharge before attacking this level. Therefore, I am watching two levels at the moment:

• 0.0008: APU’s latest high in July and the level that acts as intermediary support. However, I don’t expect this level to hold (unless Bitcoin and the market continue super bullish).
• On the contrary, I think there will likely be a correction to the 0.0065 level before heading higher.

Overall, APU’s long-term potential is massive. The token experiences enormous social attention while still having a relatively low market cap. Therefore, a 5x increase in APU’s price is easily possible mid-term.

Technical Indicators

• MACD: Bullish 🟢
• RSI: Overbought 🔴
• VMA: Bullish 🟢
• Triple EMA: Price trades above all EMAs 🟢
• ADX: 59, indicating a super strong trend 🟢

Chart

Trade Setup

Given the two levels described above, I see two trade setups

0.0008 Level Holds

• Entry: If APU bounces off the 0.0008 level, I would not enter immediately. Instead I would wait for 0.001 to break and enter then.
• Target: Once 0.001 falls, APU can go much, much higher. Therefore, I would go for an fixed target but use a trailing profit approach and take like 10% every 30%.
• Stop Loss: Slightly below 0.001

Retest of the 0.00065 Level:

• Entry: Wait for the price to bounce of the 0.0006 level and confirm the bounce.
• Target 1: $0.0008
• Target 2: $0.001
• Target 3: See first trade setup
• Stop Loss: Slightly below 0.00065

Links

• Check my Chart on Trading View
• Trade APU on BitGet