Aptos is currently touching the key support level of Fibonacci level where 78% is already filled.
Fibonacci sequence indicates a psychological characteristic of the market where each levels represents the desire of the buyers and sellers.
The Neutral zone - where 50-60% is the most ideal discounted demand zone or so called the golden zone.
the aggressive zone - is the 20-30% retracement of fib. level where many high risk taker traders take it's entry knowing market can till hit the 78% zone.
and the ideal zone 78-100% entry zone.
in which Aptos is currently riding the 78% level of Fibonacci.
this is 1 of many confluence that needs to be meet before deciding to trade the market.
in my own opinion (IMO) Aptos is a good buy for spot trade only that's if your an aggressive trader. But this doesn't mean your safe coz market can still drop to test he trendline this is the risk of being aggressive
On the other hand I will not suggest you to trade this in futures since I haven't seen a reversal structure yet even if it touches the 78% fib level if your using a leverage plus no extra funds for flexibility then it's a big No No. I will update you anyway if I see a good entry on futures so stay tune.
