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APT / TETHER Standard Futures

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APTUSDT.PS trade ideas

APTUSDT.1DThe technical chart for APT/USDT on TradingView provides an informative view of Aptos' price action against the US Dollar Tether on a daily timeframe. This analysis includes a review of support and resistance levels along with key technical indicators such as the Stochastic RSI and MACD. The chart highlights two resistance levels at $7.44 (R1) and $9.90 (R2), with support levels at $5.51 (S1) and a lower boundary outside the current view which could be identified as $4.32 (S2). Presently, the price of APT/USDT is around $7.97, indicating a recent push above the first resistance level (R1) and moving towards the second (R2). Observing the technical indicators, the Stochastic RSI is trending towards the upper boundary, suggesting an overbought condition which may imply a potential pullback or stabilization is imminent. The MACD shows a positive momentum with the MACD line above the signal line and a rising histogram, indicating bullish momentum. Given these observations, the immediate outlook for APT/USDT could be cautiously bullish. The recent breach of R1, coupled with strong momentum indicators, suggests the potential for the price to test the R2 level at $9.90. Traders should watch for sustained trading above R1 as confirmation of continued bullish sentiment. However, the overbought Stochastic RSI warrants vigilance as it may presage a pullback or consolidation before any further upward movement. For a trading strategy: Bullish Continuation: Maintaining a position above R1 at $7.44 could justify a long position targeting R2 at $9.90, with a stop-loss order just below R1 to protect against a potential reversal. Retracement Watch: Should the price react to the overbought condition and pull back, a key area to watch would be the retest of S1 at $5.51, which could offer buying opportunities if the price stabilizes or bounces back. In conclusion, while the market sentiment appears bullish in the short term, it's crucial to remain alert to the overbought conditions which could lead to short-term price corrections. Engaging in these trades requires constant monitoring of the price action at these critical levels and adjusting strategies based on the strength or weakness observed in the market. As always, prudent risk management and contingency planning are paramount in navigating the volatility inherent in cryptocurrency markets.
Long
by MarsSignals
EXPECT DECENT DROP IN PRICE WITH APTOS!BINANCE:APTUSDT (Aptos) has been amongst the top gainers in the last 24 hours according to data on CoinMarketCap. Volume gained by 20.74% to $214,137,932. Market Cap gained by 7.60% to $3,647,320,373. But by looking at the technicals APTOS looks way overbought, hence I am anticipating a solid drop in price. What Is Aptos? Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers. Aptos’s vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems. The PoS blockchain can achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution. In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round. Fast forward to July, the startup raised another $200 million in a Series A round with participation from Dragonfly, Apollo Global, Franklin Templeton, Animoca, Jump Crypto and others. Two months later, Binance Labs made a strategic investment of an undisclosed amount in Aptos. On Oct. 18, 2022, Aptos announced the mainnet launch, while the Aptos genesis occurred on Oct. 12, 2022. My price point for APTOS is at 5.71$. Stoploss at 7.61$ which gives us a 4 to 1 risk/reward ratio. Please refer to the chart for more data.
Short
by GoBuyCrypto
$APT (#Aptos)🔻 Trend Break Point: A trend reversal may occur if the price holds above $7.49. 🔻 Downside Risk: Failed to break the downtrend on the first attempt. Possible reaccumulation near the wick at $4.3 - $5.3. Below $3, there’s a freefall scenario. 🔻 Decision Zone: First targets for a bounce are $10 - $12.5. 🔻 Fundamentals: Positive sentiment around the ecosystem, with a chance of a second #AirdropGiveaway. Keep an eye on token unlocks. 🟢 Green zone = buying opportunities. 🔴 Red zone = selling or profit-taking zones. Stay tuned for price action and setups in these areas.
by Goldfinch_song