๐ $APT
LONG SETUP ๐
APT bounced from $0.6901 and climbed steadily to a high of $0.8854, then pulled back with a run of red candles and is now testing the rising 25 MA. Price is holding above the 99 MA and sitting right on short-term support. Iโm watching for a long on a dip into the 25 MA support zone, not chasing the current candle. ๐
Entry: $0.8340 โ $0.8420
TP1: $0.8600
TP2: $0.8750
TP3: $0.8900
SL: $0.8200
๐บ Why APT is on watch:
Price ($0.8449) is sitting right on the 25 MA ($0.8430) and above the 99 MA ($0.7946), with the 25 MA sloping up and the 99 MA starting to curl higher beneath it. The 7 MA ($0.8486) has rolled over and is now just overhead The structure shows higher lows since the $0.6901 bottom, and the pullback from $0.8854 is so far holding on the rising 25 MA, so this looks like a retrace inside a recovery uptrend The push to $0.8854 came with strong green volume, while the pullback candles are on lighter volume, a sign sellers are not pressing hard The $0.8340 to $0.8430 area is the first support, where the 25 MA sits, with the $0.7946 99 MA as the bigger demand zone below. A 1H close above $0.8600 would confirm buyers are back in control and open the way back toward the $0.8854 high
โ ๏ธ The 7 MA has turned down and price is already sitting on the 25 MA, so this is a pullback trade, not a breakout chase. A 1H close under $0.8200 would invalidate the setup and likely send price toward the 99 MA. Respect the stop and donโt chase if price doesnโt pull back to the entry zone.
Not financial advice. DYOR.
๐ Follow CoinDispatch for more daily trade setups and market updates!
LONG SETUP ๐
APT bounced from $0.6901 and climbed steadily to a high of $0.8854, then pulled back with a run of red candles and is now testing the rising 25 MA. Price is holding above the 99 MA and sitting right on short-term support. Iโm watching for a long on a dip into the 25 MA support zone, not chasing the current candle. ๐
Entry: $0.8340 โ $0.8420
TP1: $0.8600
TP2: $0.8750
TP3: $0.8900
SL: $0.8200
๐บ Why APT is on watch:
Price ($0.8449) is sitting right on the 25 MA ($0.8430) and above the 99 MA ($0.7946), with the 25 MA sloping up and the 99 MA starting to curl higher beneath it. The 7 MA ($0.8486) has rolled over and is now just overhead The structure shows higher lows since the $0.6901 bottom, and the pullback from $0.8854 is so far holding on the rising 25 MA, so this looks like a retrace inside a recovery uptrend The push to $0.8854 came with strong green volume, while the pullback candles are on lighter volume, a sign sellers are not pressing hard The $0.8340 to $0.8430 area is the first support, where the 25 MA sits, with the $0.7946 99 MA as the bigger demand zone below. A 1H close above $0.8600 would confirm buyers are back in control and open the way back toward the $0.8854 high
โ ๏ธ The 7 MA has turned down and price is already sitting on the 25 MA, so this is a pullback trade, not a breakout chase. A 1H close under $0.8200 would invalidate the setup and likely send price toward the 99 MA. Respect the stop and donโt chase if price doesnโt pull back to the entry zone.
Not financial advice. DYOR.
๐ Follow CoinDispatch for more daily trade setups and market updates!