$APT Update. May 1st and May 2nd.

Hello again APT community! Here are some Resistances and Supports for you to work with.

📶Local Signals

I. 1h RMO shows a strong bear signal of 2.74/3, which might suggest a small pullback before a further pump.

II. PDI Short is close to Neutrality (=50/70), while PDI Lag is showing a 35/70, which means APT is long-term dumped and expected thus to have room for many pumps.

Thus, Local signals are locally supporting a price decrease; but on the long-term (day scale), supports a price increase.

🪙Quick Bitcoin Analysis

Bitcoin is supposed to be Neutral after dumping that much, however, since the OI is not increasing at all, I think it's better to say Bitcoin is a bit Weak.

Thus, in the event of a BTC dump, you will most likely follow.

⚖️Trading for Bulls & Bears

🐂: Buy at the closest support ($8.80 in this case) to sell at the closest resistance ($9.20 in this case).

🐂🔥: If you feel extra bullish, thus you believe we might get a 63k recovery soon, sell for no less than $9.94.

🎯 For a Bull joining the market at $8.80, I would consider a stop loss below the Respected Support; at $7.99.

🐻: Short at the closest resistance ($9.20 by the time of this post) to buy back at the closest support.

🐻🔥: If you feel extra bearish, thus you believe BTC might experience a further dump due to the OI never increasing, buy back for no more than $8.20.

🎯For a Bear joining the market at $9.20, I would consider setting a stop loss at $10.01, inside the last resistance; or at $10.21, above this last resistance.

💚Support Green Content

Although this is not an article, putting these analysis together and bringing the data takes time. Especially if these help you orient yourself, and especially if you are making profit out of it, consider throwing me a dollar.

While not much, it shows me your appreciation and helps me to keep up the content and improve it, keeping the cogwheels running ⚙️🚀

Until the next time, APT community! ☘️