✴️ AptosLaunchToken Bottom Leads To Reversal
We have one more bottomed out Altcoin to show you today, AptosLaunchToken.
How to spot a potential bottom?
The initial low was hit 10-June.
Preceding this low we can see a very steep decline.
As soon as the 10-June low is hit, price action goes literally flat when it comes to candle closure lows.
When moving from a steep decline to flat, this is a strong giveaway that a bottom is likely forming.
This is supported by an oversold RSI.
Look at the red part on the RSI around mid-June.
The lowest session close happened on the 14-June and then we have higher lows.
Today we have a long lower wick with prices pushing higher, aiming to close above EMA10 and possibly EMA21 as well, sending out a strong bullish signal as a rejection happened last time EMA21 was tested as resistance.
All this is telling us that a bullish wave is now possible.
The risk is low (a tight stop-loss at the blue lines), while the growth potential is huge.
Low risk vs high potential for reward.
The best type of setup for patience/relaxation, long-term traders.
Namaste.
How to spot a potential bottom?
The initial low was hit 10-June.
Preceding this low we can see a very steep decline.
As soon as the 10-June low is hit, price action goes literally flat when it comes to candle closure lows.
When moving from a steep decline to flat, this is a strong giveaway that a bottom is likely forming.
This is supported by an oversold RSI.
Look at the red part on the RSI around mid-June.
The lowest session close happened on the 14-June and then we have higher lows.
Today we have a long lower wick with prices pushing higher, aiming to close above EMA10 and possibly EMA21 as well, sending out a strong bullish signal as a rejection happened last time EMA21 was tested as resistance.
All this is telling us that a bullish wave is now possible.
The risk is low (a tight stop-loss at the blue lines), while the growth potential is huge.
Low risk vs high potential for reward.
The best type of setup for patience/relaxation, long-term traders.
Namaste.
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