APT is currently still in a downtrend, with prices moving below the MA and a lower high – lower low structure. This condition indicates that sellers are still dominating the market.
A safer strategy is to SHORT in the resistance area with the following setup:
Entry: 1.75 – 1.85
TP1: 1.60
TP2: 1.50
TP3: 1.40
SL: 1.95
As long as the price has not been able to break & daily close above 1.90, the bias remains bearish and the short scenario is more valid than long. Use strict risk management.
APTUSDT
Perp
1.6988
+4.61%