APTOS: 45% Rally, Pullback or Continuation?
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$APT just rallied 45% since Wednesday, driven by market momentum! I missed my entry at $6.40 by a hair, but others in my signal group got in slightly higher. Interestingly, Aptos often moves in tandem with Sui, which typically rallies later in a mean reversion pattern. Continuous shorting led to liquidations, fueling the bull run. Now, after hitting $8-$8.25, bearish divergence and new shorts suggest a pullback. I see two scenarios: either Aptos fakes out, dropping to $6.4 via $7.4, or it consolidates and continues rallying. Key support lies at $7.5, a psychological level backed by the 200 EMA. I expect a pullback, but ultimately, Aptos should hold its current levels and resume its uptrend.