$APT Liquidated Long: $97.5K at $8.860
A large long position of $97,500 has been liquidated at $8.860, signaling strong selling pressure in the market. The recent price action indicates volatility, and traders should be cautious with their next move.
Support and Resistance Levels:
Immediate $APT Support: $8.50
(If price holds, a bounce is possible.)
Next Support: $8.20
(Break below could trigger further sell-offs.)
Immediate Resistance: $9.00
(Price needs to break this level for bullish momentum.)
Key Resistance: $9.30
(A break here could confirm a stronger upward trend.)
Suggested Strategy:
If Price Drops to $8.50: Consider small buy entries with a tight stop-loss below $8.40.
If Price Breaks Above $9.00: Look for confirmation before entering long positions.
If Price Fails to Hold $8.50: Stay cautious or consider shorting toward $8.20 with a stop-loss above $8.60.
Risk Management is Key:
Always set tight stop-losses to protect capital. Let the market confirm its direction before committing to a position.
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