Hey Folks. I got my eye on a possible trade setup for Apecoin (APE) on the Day Chart. 

On the chart above I've listed my current plan for APE, looking to enter a Long Position at or near $3.96 in the Golden Pocket, with my Stop Loss below the 0.786 using the Fib Retracement Tool.  

Before entering the possible Long Trade Setup, I would like to see some Conformations. The more conformations received, the higher the probabilities are in my favour. I got my eye 3 Conformations, the Rejection off Golden Pocket, a Bullish Divergence on the RSI, and Stoch RSI on Bottom. Please note, the Stoch RSI isn't as important to me, but would like to see the Conformation as well.

Note: If Price Action Fails to generate at least 2 Confirmations, I will not enter Trade.

3 Conformations

Conformation 1 - Bounce off Golden Pocket

Conformation 2 - Bullish Divergence - RSI (Lower Time Frames)

Note: Examples was taken from https://www.forexfactory.com/attachment/image/1753822/thumbnail

Conformation 3 - Stoch RSI Bottoming Out

Stop Loss - Daily Candle Close below 0.786 (Fib Retracement) 

I will take Profits at Resistance Area, and depending on price action I may close entire trade, or let the rest ride for long as possible, while moving my Stop Loss as Price Action rises, insuring profits. But Markets can change at anytime, and depending on price action, I may revaluate my position. Nothing is set in stone. For no trader can predict the markets. The best that traders can do is to determine the probabilities in which direction it will go. 

Note: This trade is a Swing Trade. Anywhere from a couple days to a week or two, possibly more.  

It is important to note, the trade may not materialize. Not Financial Advice

Please Take Note: Price Action on Day Charts can take some time to play out. Anywhere from a couple days to couple of weeks.