$APT: Derivative Data Shows Heavy Long Liquidations Incoming
SHORT SETUP APT
Entry: $0.73900 - $0.74000
Stop Loss: $0.76600
Take Profit: $0.68650 (2R)
Key Levels: Support $0.74320 | Resistance $0.75690
Technical Analysis for $APT: Price sits under EMA9, EMA21 and EMA50, confirming a downtrend. MACD is negative and the histogram shrinking, while Stochastic K is below 50. RSI is neutral and ADX under 25 shows weak momentum. Orderbook shows a sellside imbalance. A break below 0.7432 targets 0.687, with risk at the 0.7569 resistance.
Market Context: BTC is bearish on the 4h and 1d charts, and the broader market is broadly negative, reinforcing downside pressure on altcoins.
SHORT $APT
SHORT SETUP APT
Entry: $0.73900 - $0.74000
Stop Loss: $0.76600
Take Profit: $0.68650 (2R)
Key Levels: Support $0.74320 | Resistance $0.75690
Technical Analysis for $APT: Price sits under EMA9, EMA21 and EMA50, confirming a downtrend. MACD is negative and the histogram shrinking, while Stochastic K is below 50. RSI is neutral and ADX under 25 shows weak momentum. Orderbook shows a sellside imbalance. A break below 0.7432 targets 0.687, with risk at the 0.7569 resistance.
Market Context: BTC is bearish on the 4h and 1d charts, and the broader market is broadly negative, reinforcing downside pressure on altcoins.
SHORT $APT