APT is at interesting levels

9 Mar 2023

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

12 Mar 2023

İşlem elle kapatılmış

APT is weak.

13 Mar 2023

İşlem aktif

Trade reactivated with SL below $11.2
Invalidation: today's close below 12.1 (Fib 0.5 and EMA 50D)
Risk under your management because the main move has done.

14 Mar 2023

Not

+17% for second entry.
(+35% for those who kept the initial entry)

19 Mar 2023

Not

Consolidation above Fib 0.5 and start to move up again.

22 Mar 2023

Not

APT still hold the Fib 0.5
I expect that It would go up again when BTC goes sideways the next days

24 Mar 2023

İşlem elle kapatılmış

BTC seems to form a double top pattern (on 4H TF). It would have a correction...