Bought #Aptos (APT) at $10.13, which can already be considered an attractive level, given the price drop of more than 15% in a day. Technical indicators show the following points:
1. Strong oversold by RSI:
The charts show that the RSI has dropped below 30, which indicates a possible reversal or at least a local upward correction. This is the ideal moment to enter a position on a speculative rebound.
2. Decrease in selling pressure:
Volume analysis shows that there is active demand at the $10 level (buy volumes exceed sell volumes), which may serve as local support.
3. Trend on the 4-hour chart:
We are still in a downtrend, but the current levels are close to a long-term support line. A downward breakout should be expected to find new buying levels, but if the price consolidates above $10.50 — this is a signal for recovery.
4. Cash flows:
Data from Binance shows that there has been significant capital outflow in the last 24 hours, indicating the capitulation of weak hands. Such moments often precede a local reversal.
My strategy:
• In case the price consolidates above $10.50, I consider adding to the position.
• If the price falls below $9.95, it might be worth strengthening the position closer to the next support ($9.50-$9.60).
• Targets for the nearest growth: $11.50 and $12.20.
$APT now looks like an interesting asset with high recovery potential. However, always remember about risk management — it is the key to successful trading.
Your thoughts?
