$FORM This move from 0.2365 up to 0.2430—comments are all shouting “reversal.” Let me be honest: a sharp rally doesn’t necessarily mean a reversal. If the volume can’t keep up and there’s still resistance above at 0.2438 holding it down, then this is a textbook short-covering move. Short at 0.2438, stop-loss at 0.2521, and look down to 0.2365. The real bottom isn’t shouted into existence—it’s confirmed by price action. Even holding no position is a type of position.
$APT 0.5790 I’m leaning bearish at this level. RSI is 69—hot and burning. This rally has been too fast. First watch 0.5680. If that breaks, it could move toward 0.4995. Stop-loss at 0.5999—don’t stubbornly hold on. Trading value is 7.3M; this volume can support a market move. Price is still above the 20-day line at 0.5652, but it’s very close. If it breaks below, that’s where the bears start to push.
Price is still above the 20-day line at 0.2388, but it’s very close. If it breaks below, that’s where the bears start to push.
Don’t go heavy on shorts. This is a bet on a pullback, not a trend short. Take profit when you have a good run.
The moving averages are in a bullish alignment. They can’t really suppress price, but they also can’t seem to lift it. In the last 24 hours, trading value is 7.3M and volume is still there, which suggests the funds haven’t left. At 0.5680, cut the position by half; the rest depends on whether it can be hammered down to 0.4925.
What do you think? Let’s talk in the comments.
#FORM #APT
$FORM $APT $SEI
$APT 0.5790 I’m leaning bearish at this level. RSI is 69—hot and burning. This rally has been too fast. First watch 0.5680. If that breaks, it could move toward 0.4995. Stop-loss at 0.5999—don’t stubbornly hold on. Trading value is 7.3M; this volume can support a market move. Price is still above the 20-day line at 0.5652, but it’s very close. If it breaks below, that’s where the bears start to push.
Price is still above the 20-day line at 0.2388, but it’s very close. If it breaks below, that’s where the bears start to push.
Don’t go heavy on shorts. This is a bet on a pullback, not a trend short. Take profit when you have a good run.
The moving averages are in a bullish alignment. They can’t really suppress price, but they also can’t seem to lift it. In the last 24 hours, trading value is 7.3M and volume is still there, which suggests the funds haven’t left. At 0.5680, cut the position by half; the rest depends on whether it can be hammered down to 0.4925.
What do you think? Let’s talk in the comments.
#FORM #APT
$FORM $APT $SEI
