🚨 APT/USDT: Is the Pullback Over or a Deeper Correction Ahead?

Market Outlook: After a period of strong upward movement and a recent consolidation base, Aptos is currently undergoing a short-term pullback following a recent bullish surge. The current price action is showing signs of a potential reversal near key support levels, though overall market sentiment suggests weakening momentum in the immediate term. Longer timeframes still indicate a generally bullish trend.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed bounce and candle close ABOVE the EMA(25) level, which is near $4.81 on the 1-hour chart, or a significant higher timeframe breakout. A confirmed hold above the consolidation base of $4.85 could signal further upward continuation.

💰Targets: $4.94, $5.00, and potentially toward the mid-$5 zone.

🛑Stop Loss: Below the bounce candle's low or below the nearest significant support at $4.70.

🟥 Short Entry Trigger: Consider a short if the price breaks BELOW the key support at $4.70 with a closing candle on the 1-hour timeframe, confirming a bearish move.

💰Targets: $4.63, $4.60, and potentially toward the longer-term support near $4.53.

🛑Stop Loss: Above the swing high of the breakdown candle or above the $4.80 level.

Your Action Plan:

01 - Wait for Confirmation: Do not rush into a trade. With weakening momentum, waiting for a clear breakout or breakdown, confirmed by volume and candle closes, is crucial to avoid false signals.

02 - Use a Stop-Loss: Always protect your capital. A stop-loss is essential for managing risk in volatile assets like APT.

03 - Manage Your Risk: Consider position sizing appropriate for your risk tolerance. Given the mixed signals, a conservative approach with lower leverage is advisable.

📢 What are your thoughts?

Vote: Do you think APT will bounce from current levels or break down further for a deeper correction?

Bounce and Continue Upward

Break Down Further

Comment: Share your analysis below!