Aptos: Moving Against The Pack! Short-Term TA

3 Okt

Aptos (APTUSDT) is taking this opportunity as the entire market breaks down to break bullish... According to this chart.

We can see today that trading volume is rising, significant buying is happening here.

The action is bullish but still happening below MA200, which is now working as resistance.

It is interesting to note that APTUSDT moved below its October 2023 low in its last correction, the entire bullish wave from late 2023 through early 2024 has been corrected and thus no sellers remain.

Based on this, while there can be some shaky and unpredictable action in the short-term, no new lows are likely to be hit.

Another important level is the April 2024 low, marked purple on the chart. This level was tested again recently, 1-Oct., and this produced the current bullish jump.

➖ If APTUSDT remains above this level, bullish confirmed.
➖ If it moves below, we can see a retest of lower support before additional growth.

➢ It is an interesting chart and can be bought when focusing on the long-term.

➢ Short-term anything goes, but we can't go wrong when we buy and hold.

Patience is key.

Thank you for reading.

Namaste.