$APT Long Liquidation: $61.8K at $8.652
A massive liquidation of $61.8K at $8.652 has just shaken the APT market. This could signal a turning point. Let's break down the situation and create a precise trading strategy.
Market Overview:
1. What Happened?
$61.8K worth of long positions were liquidated at $8.652, indicating a strong sell-off. This might mean sellers have taken control, but a reversal could be coming if buyers return at key levels.
2. What’s Next?
The market could either bounce from support or continue its downward trend if the selling pressure persists.
Trading Plan: What’s Next?
Buy Zone (Entry Point):
$8.30 - $8.60
This zone could act as support where the price may stabilize. Wait for signs of a bounce before entering.
Target Levels:
1. First Target (T1): $9.20
A reasonable level to secure profits if the price moves higher.
2. Second Target (T2): $9.80
A higher target for those willing to ride the trend for more profit.
Stop Loss:
Below $8.00
Set your stop loss just below this level to protect your capital in case the price continues to fall.
Risk Management Tips:
1. Position Sizing: Invest only 2-5% of your capital to minimize risk.
2. Volume Confirmation: Look for strong buying volume before entering the trade.
3. Be Patient: Don’t rush into trades; wait for clear price action signals.
Possible Scenarios:
Bullish Scenario: A bounce from $8.30-$8.60 could push APT toward $9.20 or $9.80.
Bearish Scenario: A break below $8.00 could signal further downside, so be cautious.
Stick to your strategy, trade smart, and always manage risk carefully!
This post provides clear guidance for your APT trade, focusing on entry, targets, and risk management.
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