44951243362 one hour surge of 40%! Major players are crazily extracting profits, while retail investors chasing the rise are heading for disaster!

APT's one-hour K-line today is performing very strongly! That big bullish candle in the morning directly surged violently from $3.7 to above $5.2, a typical profit-extracting rally, clearly stimulated by positive news on-chain.

Now quoted around $5.03, standing firm on the five-day moving average. Although the MACD shows a golden cross, the histogram has shortened, and the KDJ's J value has dropped to 26, indicating a bit of oversold signal, which means the bulls are taking a breather after the explosive rise.

Observing the market, the volume has increased significantly compared to the previous days, indicating that major funds have entered the market, but a short-term resistance level has formed around $5.3, and that long upper shadow in the morning indicates selling pressure.

I feel that today the overall bullish sentiment is dominant, as long as the market doesn't suddenly collapse, APT is likely to maintain a high-level consolidation.

However, we must be vigilant about the risk of a volume contraction pullback, with the strong support at the $5 round number, and if it breaks below, we must be cautious of a spike down to the liquidation zone around $4.8. It is advised not to rush into chasing highs, waiting for a pullback to enter is more prudent, as this coin has been quite volatile lately.

The market continues to change, and we are closely monitoring the market to seize new entry opportunities. Like and leave a message, let's navigate through the bull market together and seize this major opportunity.