#Aptos Price Analysis: From Symmetrical Triangle to $100

29 abr

APT/USDT Technical Analysis Update

➡️ Current Situation:
APT price was recently rejected at the resistance level of its previous all-time high. Observations on the higher time frame (HTF) charts indicate the formation of a symmetrical triangle. After a breakout, the price is currently retesting at the support level.

➡️ Key Support Zone:
The strong support zone and recommended entry levels are between $9 and $7.50 (spot trading). This provides a favorable risk-reward setup for potential entries.

➡️ Long-Term Outlook:
In my opinion, Aptos (APT) holds the potential to reach $100 in the long term. This makes my long-term target for APT a solid $100.

➡️ Short-Term Targets:
$18
$30
$48
These targets are set based on current market dynamics and breakout patterns observed in the chart.

➡️ Risk Management - Exit Strategy:
It's crucial to manage risks by setting an exit point. If the price breaks down below the red trend line, currently around $6.50, consider exiting to preserve capital.

➡️ Market Sentiment:
The overall sentiment will need to be monitored closely, particularly how the price reacts at the current support level. Maintaining a flexible approach will be key as market conditions evolve.

➡️ Remember:
Always do your own research (DYOR) and consider your risk tolerance when trading.

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