Short Entry after Exponential MoveGreetings, Snipers!
Aptos has increased over 400% in less than 1 month
The price is rising exponentially as it is now above the trendline of previous peaks
Major correction is inevitable sooner or later
A peak at $25 would correlate previous price actions to the Fib levels perfectly
If you are currently long, I would suggest taking partial profits.
In the shorter time frame:
Shorting now is too risky, as price is still consolidating despite a sharp increase.
We can patiently wait to see if the price would reach the $25 area, then short and close at $13.3 for a Risk-Reward ratio >4 (SL at $27.2).
Please be cautious as this is a high-risk trade with potential quick profits. You can wait for a breakout confirmation to the downside.
Happy Sniping!
