$APT Long Liquidation: Bears Take Control at $9.95788
The APT market experienced a sharp shift, with $1.8153K in long positions liquidated at $9.95788.
This liquidation highlights growing bearish pressure, signaling that the bulls are struggling to hold their ground as selling intensifies.
Key Details:
Liquidation Amount: $1.8153K
Liquidation Price: $9.95788
Market Sentiment: Bears are asserting dominance, pushing the price lower and causing a shift in market sentiment.
Next Moves for Traders:
1. Support Levels to Watch: The immediate support zone is around $9.80.
If this level fails, $APT could head toward $9.50, testing deeper support.
2. Resistance to Target: Any recovery will face resistance around $10.20.
A break above this level could signal a potential reversal or consolidation.
Suggested Stop-Loss Strategy:
For Long Positions: Place stop-loss orders below $9.80 to protect against further downside if the bearish trend continues.
For Short Positions: Adjust stop-loss orders above $10.20 to lock in profits if the price retraces higher.
$APT market movement has turned volatile, and traders should remain cautious, employing strong risk management strategies to navigate the ongoing market fluctuations.