Aptos APT forming a bullish BAT for upto 40% pumpHi, dear friends, hope you are well and welcome to the new trade setup of the Aptos APT token with US Dollar pair.
Previously we caught a nice pump of APT:
Now this time a daily time frame, APT has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Aptosanatysis
Aptos Analyze 🔥(New project)🔥🔄(Update, 10/28/2022)🔄!!!I hope you looked at my previous two posts about Aptos and 🤑benefited🤑 from the fact that the ceiling and drop were exactly what was in the previous posts about Aptos.
Aptos is moving in wave 4 while wave 3 was extended and broke the support zone with a long red candle (huge volume).
I tried to draw the next movements of Aptos for the next hours.
Aptos Analyze ( APTUSDT ), Timeframe 30min⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Aptos APT price review without "rose-tinted glasses"For us, the APTUSDT trading pair is a dark horse. Everyone expects strong growth from the APT price (marketers did a good job in such a rotten crypto market), but it can easily fall.
We believe only what we see on the chart, and now there is no trading history. And we experienced good stories of marketers back in 2017)
The white paper spells out the noble goal of the Aptos blockchain - maximum facilitation for the transition and promotion of the community to Web3. And although it is predicted that Web3 will become a new hype, there is a nuance that the Web3 narrative and everything related to it has been discussed and developed for probably 15-20 years.
We also did not like the fact that the project's tokenomics was disclosed after listing APT on all top crypto exchanges.
Now 130 million out of 1 billion APT of the pre-established issue are in circulation, but the limit is not fixed, the issue may grow over time.
And although the tokenomics states that the bulk of APT tokens are locked down and will be unlocked within 4 years, and the first large unlock is projected for November 2023, there is a nuance:
From the way we managed to interpret the information, directly or indirectly about 80% of the Aptos token issuance is controlled by the team.
Also, the Aptos team asked not to start trading APTUSDT derivatives for at least 2 weeks after the launch of trading. Probably in order to prevent short position on APTUSDT, but some crypto exchanges already provide the opportunity to trade APTUSDT with x25-x75 leverage in both side.
Considering all of the above, we get the following:
1. since we expect the price of BTCUSDT to grow in the near future, the price of APTUSDT can easily shoot up to $11.75
2. to make a trading decision with our real money, we need to see the actual struggle of buyers and sellers on the chart, and not read the promises of the project developers or their marketers.
Therefore, as of now, the maximum we can afford in terms of risk management is to place limit orders to buy APTUSD in the range of $1.90-3.90 and wait a few weeks, maybe even less)
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more