$APT Up or Down?
#APT make 2 bearish char pattern in 1 hour and 4 hour time frame 👇 Let's some technical analysis update;
Here's an analysis of APT coin's chart patterns:
*1-Hour Chart: Bear Flag Pattern*
- Current Price: $9.70
- Pattern: Bear Flag
- Trend: Bearish
- Support: $9.50, $9.20
- Resistance: $10.20, $10.50
*4-Hour Chart: Descending Triangle Pattern*
- Current Price: $9.70
- Pattern: Descending Triangle
- Trend: Bearish
- Support: $9.50, $9.20
- Resistance: $10.50, $11.00
*Technical Analysis Advice:*
1. Short-term traders: Consider short positions.
2. Long-term holders: Consider hedging or tightening stop-loss.
3. New entrants: Wait for confirmation or reversal signals.
*Bearish Indicators:*
- RSI (14): 38.21 ( Oversold)
- MACD (12, 26): Bearish crossover
- Stochastic Oscillator: 21.42 (Oversold)
*Possible Scenarios:*
1. Breakdown below $9.50, targeting $9.20-$8.80.
2. Rebound to $10.20-$10.50.
3. Consolidation.
*Risk Management:*
1. Set stop-loss orders.
2. Monitor position size.
3. Adjust leverage.
4. See now....👇
5. Follow for more updates...
