Long
Afterpay (APT) long
According to 20 & 50 EMA the price is now shifting to a "Bearish Trend" and getting closer to strong support.
Entry 1 can be considered as:
Entry Indication:
Risks:
Entry 2 is safer as:
Entry Indication:
Risks:
Entry 1 can be considered as:
Entry Indication:
- the hammer candle appears and standing on the 200 EMA.
- the RSI indicator shows oversell but the candle closed bullish (selling momentum is weak)
Risks:
- the 20 & 50 EMA are currently setting on an important spot(intersection appears).
- current trend is shifting to bearish.
Entry 2 is safer as:
Entry Indication:
- strong support
Risks:
- the price would not reach this low.
- bearish trend with selling momentum.
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