Looking at the APT/USDT chart on the 1-hour timeframe, there are some key indicators to focus on.
First, the price is currently $9.46, up 5.46% over the last 24 hours. The price hit a recent high of $9.56 but has since consolidated slightly. The support level appears around $9.20, with a previous low near $8.43. The chart shows a steady upward trend with consistent higher lows and higher highs, indicating bullish momentum.
Moving averages give us more insight. The MA(7) is at $9.38, the MA(25) at $9.11, and the MA(99) at $8.90. The shorter moving averages (MA(7) and MA(25)) being above the MA(99) suggests a continuation of bullish sentiment. If the price retraces toward the MA(7) or MA(25) without breaking below, this could present a strong entry point.
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Given the overall uptrend, a good entry point would be on a slight pullback toward the $9.20-$9.30 range, ideally close to the MA(7) line. This provides a lower risk-to-reward ratio while staying within the current bullish trend. Set a stop-loss just below $9.11 (MA(25)) or $8.90 (MA(99)) to limit downside risk. Keep an eye on resistance near $9.56, which if broken could lead to further gains.
For a safer trade, wait for confirmation that the price can hold above $9.20 before entering. The trend is your friend, so donât go against the momentum unless key supports break.
