APT is at interesting levels
APT is among the rare cryptos that have a green candle today.
Suported by news (*), APT's prices hold well the key level which is a confluence of
- Lower trendline of a falling wedge
- Fib 0.618
- CMF bounces at support trendline
In my opinion, one can accmulate APT here down to $10.2 and sell at proposed targets. It would take some weeks.
This trade is quite risky in the current context which is not favorable for both stock and crypto markets. Stoploss would be tight: for example 1D cancle closing below $10 or below the lower trendline of the falling wedge.
(*) Launch of NFT Bridge on Wormhole expanding Interoperability across chains
Trade closed manually
APT is weak.Trade active
Trade reactivated with SL below $11.2Invalidation: today's close below 12.1 (Fib 0.5 and EMA 50D)
Risk under your management because the main move has done.
Note
+17% for second entry.(+35% for those who kept the initial entry)
Note
Consolidation above Fib 0.5 and start to move up again.Note
APT still hold the Fib 0.5I expect that It would go up again when BTC goes sideways the next days
Trade closed manually
BTC seems to form a double top pattern (on 4H TF). It would have a correction...
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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.