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Going Short on ApeCoin [APE]? You Should Read This Before You Trade

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ApeCoin [APE] fell below $3.954 after BTC lost $17.11k. It is worth noting that the price of APE was on a rising channel since 21 November, which is a typical bearish pattern.  

At press time, APE was trading at $3.874. Its sensitivity to BTC could lead to a bearish breakout if BTC continues its downtrend. In other news, APE will launch a pre-staking service on 5 December. 

(by Suzuki Shillsalot)

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