【APT Review】
Price behavior is a manifestation of people's trading behavior. Any market and any underlying asset are ultimately bought and sold by people. If this does not change, the method of studying price behavior will still work. Different varieties are still referenceable because the main component of the market is still people.
Today's review target is APT/USD
2024.2.28 Because the breakthrough force is very strong, there is no overlap and a direct big positive line breakthrough. In order to avoid direct pull-up without adjustment, choose to enter the first position immediately at 11.71. If the callback stands firmly at the 10 support below, choose to continue to increase the position. The stop loss is placed at the 200-day moving average support below (9.4)
It can be seen that the entry of 11.71 at that time was in the middle of the small interval. On March 3, the local resistance before the breakthrough (10.85) was tested in the form of a pin, forming a support-resistance exchange.
Why do you think 10.85 is an important support? Because before the breakthrough, it was tested 3 times in 2 months, and it was blocked at 10.85. It can be considered that there is a large supply area here. After the breakthrough, this logic has changed, and 10.85 will become the new demand zone, because after breaking through 10.85, the short force will either stop loss or close the position and wait and see, and will not easily open a position, and the long force will be overwhelming.
Unfortunately, due to the excessive strength of the long side, the entity K has never approached 10.85, but has been tested in the form of a pin, without giving a second chance to increase the position.
Take profit 1 is set at around 14.7, and half of the position is closed. Because the range resistance of the previous weekly level is at 14.7.
Similarly, take profit 2 is set at 18, and half of the position is closed.
The comprehensive rate of return is 39.7%, and the profit and loss ratio is 2.02