$APT keeps printing lower lows. -16.7% this week and no clear floor yet đ
Structure (4H):
âą Lower lows: 0.695 â 0.688 â 0.685 â 0.674 (today)
âą Lower highs: 0.781 â 0.714
âą Price 0.690, riding the downtrend line from Oct 23
âą Below EMA 20 (0.703) and EMA 50 (0.736)
RSI 39. Selling is slowing (the drops are getting smaller), but there's no reversal signal yet.
Rule of thumb: don't catch a falling knife until it stops making lower lows.
Levels for $APT :
đą 4H close above 0.714 â downtrend broken, 0.736 (EMA 50) next
đŽ Lose 0.674 â 0.65 is the next support
Shorts are in control until 0.714 goes. Bulls need a higher low first.
Watching $APT for a bottom? đ
NFA
#Aptos #Altcoins #TechnicalAnalysis
No Binance account yet? Get 20% of your trading fees back đ Sign up on Binance
Structure (4H):
âą Lower lows: 0.695 â 0.688 â 0.685 â 0.674 (today)
âą Lower highs: 0.781 â 0.714
âą Price 0.690, riding the downtrend line from Oct 23
âą Below EMA 20 (0.703) and EMA 50 (0.736)
RSI 39. Selling is slowing (the drops are getting smaller), but there's no reversal signal yet.
Rule of thumb: don't catch a falling knife until it stops making lower lows.
Levels for $APT :
đą 4H close above 0.714 â downtrend broken, 0.736 (EMA 50) next
đŽ Lose 0.674 â 0.65 is the next support
Shorts are in control until 0.714 goes. Bulls need a higher low first.
Watching $APT for a bottom? đ
NFA
#Aptos #Altcoins #TechnicalAnalysis
No Binance account yet? Get 20% of your trading fees back đ Sign up on Binance
