$APT: Strong Rejection at Trendline Resistance: $APT Short Entry
SHORT SETUP APT
Entry: $0.80260 - $0.80610
Stop Loss: $0.83800
Take Profit: $0.73705 (2R)
Key Levels: Support $0.76040 | Resistance $0.85660
Technical Analysis for $APT: APT price is pressing against the 0.8061 resistance while the Stochastic indicator hits extreme overbought levels at 96.9. The 200 EMA sits just above at 0.789, acting as a significant hurdle. With BTC showing a bearish 4H trend, this setup favors a short. Key invalidation is a close above 0.838. Watch for a rejection from 0.8061 to target the support
Market Context: Bitcoin is trading at 82,424 with a bearish 4H structure. The broader market is broadly negative with 64.6% of assets red.
SHORT $APT
SHORT SETUP APT
Entry: $0.80260 - $0.80610
Stop Loss: $0.83800
Take Profit: $0.73705 (2R)
Key Levels: Support $0.76040 | Resistance $0.85660
Technical Analysis for $APT: APT price is pressing against the 0.8061 resistance while the Stochastic indicator hits extreme overbought levels at 96.9. The 200 EMA sits just above at 0.789, acting as a significant hurdle. With BTC showing a bearish 4H trend, this setup favors a short. Key invalidation is a close above 0.838. Watch for a rejection from 0.8061 to target the support
Market Context: Bitcoin is trading at 82,424 with a bearish 4H structure. The broader market is broadly negative with 64.6% of assets red.
SHORT $APT