APTOS started the year in free fall, the so called "SOLANA killer" is testing the $5 support for the 3rd time since 2023. APTOS needs buyers ASAP and this week so far is finding them.
On the daily chart some signs of strength and a more consistent volume are giving hope for the bull case
On the 4H chart price broke bellow $5.50 but quickly found buyers and went to try and break the top of the descending channel. It failed, but was expected, now buyers need to commit on this pullback for a definitive breakout and continuation
Entry: $6.00
current price
1st target: $7.10
at this price bulls are in control, move SL to break even point
1st take profit: $8.80
big volume node and 200d EMA, this can be a hard nut to crack
2nd take profit: $12.45
sellers took control here last December and most likely will be there again
Stop loss (conservative): $5.25
bellow the last swing low
Stop loss: $4.85
is $5 is lost I'm giving up my hopes on APTOS for the time being
On the daily chart some signs of strength and a more consistent volume are giving hope for the bull case
On the 4H chart price broke bellow $5.50 but quickly found buyers and went to try and break the top of the descending channel. It failed, but was expected, now buyers need to commit on this pullback for a definitive breakout and continuation
Entry: $6.00
current price
1st target: $7.10
at this price bulls are in control, move SL to break even point
1st take profit: $8.80
big volume node and 200d EMA, this can be a hard nut to crack
2nd take profit: $12.45
sellers took control here last December and most likely will be there again
Stop loss (conservative): $5.25
bellow the last swing low
Stop loss: $4.85
is $5 is lost I'm giving up my hopes on APTOS for the time being
Trade active
trade is active. keep some capital to add up later, markets are still shaky because of the Bybit hackNote
Market is shaken but buyers are stepping in, we can add to the position at current price ($5.70)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.